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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Bernie invested a sum of money 4 years ago in a savings account, which has since paid interest at the rate of 4%/year, compounded quarterly. His investment is now worth $13,056.96. How much did he originally invest? (Round your answer to the nearest cent.)

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