Solved

Anthony Invested a Sum of Money 4 Yr Ago in a Savings

Question 76

Short Answer

Anthony invested a sum of money 4 yr ago in a savings account that has since paid interest at the rate of 9%/year compounded quarterly. His investment is now worth $22,841.96. How much did he originally invest? Please round the answer to the nearest cent.
$ __________

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions