Answer:
The invested amount is $187,412.68
Explanation:
The computation of the amount that have to invested is shown below:
Amount = Paid amount × (1 + rate of interest)^number of years
where,
The Paid amount is $160,000
rate of interest is 4% ÷ 12 = 0.33%
And, the number of years is = 4 × 12 = 48
Now the invested amount is
= $160,000 × (1 + 0.33%)^48
= $187,412.68
Hence, the invested amount is $187,412.68
