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Eight years ago, Philip invested one lump sum at 4.53 percent interest. Today, he received $15, 271 when he cashed out this investment. How much

Eight years ago, Philip invested one lump sum at 4.53 percent interest. Today, he received $15, 271 when he cashed out this investment. How much Philip originally invest?

Points: 1

  1. $6,636.36

  2. $7,377.63

  3. $8,674.18

  4. $10,713.71

  5. Keep up the great work!

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