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Bernie Invested a Sum of Money 7 Year(s) Ago in a Savings

Question 10

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Bernie invested a sum of money 7 year(s) ago in a savings account, which has since paid interest at the rate of 8% / year compounded quarterly. His investment is now worth $22,608.44. How much did he originally invest?


A) Bernie invested a sum of money 7 year(s) ago in a savings account, which has since paid interest at the rate of 8% / year compounded quarterly. His investment is now worth $22,608.44. How much did he originally invest? A) B) C) D) E)
B) Bernie invested a sum of money 7 year(s) ago in a savings account, which has since paid interest at the rate of 8% / year compounded quarterly. His investment is now worth $22,608.44. How much did he originally invest? A) B) C) D) E)
C) Bernie invested a sum of money 7 year(s) ago in a savings account, which has since paid interest at the rate of 8% / year compounded quarterly. His investment is now worth $22,608.44. How much did he originally invest? A) B) C) D) E)
D) Bernie invested a sum of money 7 year(s) ago in a savings account, which has since paid interest at the rate of 8% / year compounded quarterly. His investment is now worth $22,608.44. How much did he originally invest? A) B) C) D) E)
E) Bernie invested a sum of money 7 year(s) ago in a savings account, which has since paid interest at the rate of 8% / year compounded quarterly. His investment is now worth $22,608.44. How much did he originally invest? A) B) C) D) E)

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