Question 1179161

P = A / (1 + r/n)^nt

P = principal
A = amount accrued
r = rate =6.01% = 0.061
n= number of times compounded. ( weekly) = 52
t= time in years

P = 28,000.00 / (1 + 0.061/52)^((52)(3))

P = 28,000.00 / (1 + 0.001173077)^(156)

Use calculator

P = $23,320.01
The principal investment required to get a total amount of $28,000.00 is $23,320.01