Find the present value that will grow to $7000 if the annual interest rate is 9.5% compounded quarterly for 8 yr.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
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Find the present value that will grow to $7000 if the annual interest rate is 9.5% compounded quarterly for 8 yr. 

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