Need help with planning for a trust fund...?

When my friend Susan turned 13 her parents opened a trust fund that pays 4.7% APR compounded quarterly. The fund will mature when Susan turns 22 years old, and will be worth $9,000. How much was her parents' one-time investment?

Hey stacia---Im gonna go ahead and ask you to not reply to my answers if you don't have an answer. :-) thhankss.. and by the way-its not a homework question and even if it was thats none of your concern. Thanks darlin :-)

$5,640

Sounds like a homework question to me.

Try attending class or reading your textbook. If that's not helping, then meet with your teacher/professor outside of class. Or hire a tutor.

Y!A is not an outlet for you to cheat in your education.

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