Name the formula that you use to solve the following problem. How much money should be deposited today in an account that earns 7% compounded quarterly so that it will accumulate to $6500 in 5 years? A = P= 1 + P = A + r 8 n A = P(1 + rt) A - 1

Name the formula that you use to solve the following problem. How much money should be deposited today in an account that earns 7% compounded quarterly so that it will accumulate to $6500 in 5 years? A=(nr)2P[1+nt]n1]P=(1+nr)nAA=P(1+rt)P=[1+nr)n1]f(nt)