Need math help: How much did he invest #12

timer Asked: Nov 8th, 2015
account_balance_wallet $5

Question Description

Anthony invested a sum of money 6 yr ago in a savings account that has since paid interest at the rate of 7%/year compounded quarterly. His investment is now worth $19,713.77. How much did he originally invest? Please round the answer to the nearest cent.

Tutor Answer

School: UC Berkeley

Thank you for the opportunity to help you with your question!

the correct answer is A. 13000.01 and the intrest table is in the image . Thanks 

Please let me know if you need any clarification. I'm always happy to answer your questions.

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