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7. If you want to have $875 in 36 months, how much money must you put in a savings account today? Assume that the savings

7. If you want to have $875 in 36 months, how much money must you put in a savings account today? Assume that the savings account pays 16% and it is compounded quarterly. Round to the nearest $1. SHOW HOW TO USE WITH A FINANCIAL CALCULATOR!! a) $213 d) $547 b) $147 e) $746 c) $543

FV= $875 n=? I=? The correct answer is D but i want to know how to do it

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