Blake is going to invest in an account paying an interest rate of 1.9% compounded quarterly. How much would Blake need to invest, to the nearest dollar, for the value of the account to reach $72,000 in 13 years?
The formula to find the present value is P=A÷(1+r/k)^(kt) P present value? A future value 72000 r interest rate 0.019 k compounded quarterly 4 T time 13 years
