Use the formula $A = P(1+\frac{r}n)^{nt}$ to find the principal needed in order to have $10,000 in 8 years if it is to be invested at 9.5% interest compounded quarterly. Round to the nearest cent.

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The Answer of Use the formula $A = P(1+\frac{r}n)^{nt}$ to find the principal needed in order to have $10,000 in 8 years if it is to be invested at 9.5% interest compounded quarterly. Round to the nearest cent.

Use the Formula A=P(1+rn)ntA = P(1+\frac{r}n)^{nt}A=P(1+nr​)nt To Find the Principal Needed in Order to Have $10,000

Use the Formula $A = P(1+\frac{r}n)^{nt}$ To Find the Principal Needed in Order to Have $10,000