Question

Please help

Blake is going to invest in an account paying an interest rate of 1.5% compounded quarterly. How much would Blake need to invest, to the nearest dollar, for the value of the account to reach $910 in 10 years?

Answer 1

A, of money in the account after 3 years subject to interest ... If you deposit P dollars at rate r, in decimal form, subject to compound interest paid

Explanation: