Find the present value that will grow to ​$24000 if interest is 3​% compounded quarterly for 14 quarters. The present value is ​$ . ​(Round to the nearest cent as​ needed.)

$21,616.26.

Step-by-step explanation:

24000 =P(1 + 0.03/4)^14

P = 24000 / (1 + 0.03/4)^14)

21,616.26.

=

(c, 0) i might be wrong so don't put full faith on my answer

(1,4) is on graph of f(x)

f(1) = 4

so 1/4 f(x)

1/4 f(1)

1/4. ×4

1

so point for function 1/4. f(x) is (1,1)