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A savings account with an annual interest rate of 4.5% is compounded quarterly. After 10 years, there is $3910.94 in the account. What was the initial amount of investment?

A savings account with an annual interest rate of 4.5% is compounded quarterly. After 10 years, there is $3910.94 in the account. What was the initial amount of investment?
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A savings account with an annual interest rate of 4.5% is compounded quarterly. After 10 years,

there is $3910.94 in the account. What was the initial amount of investment?

User CatShoes
by
7.5k points

1 Answer

3 votes

Answer:

the answer is 12

Explanation:

the answer is 12

User Parrowdice
by
8.1k points
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