Answer:
Step-by-step explanation:
315
$11543.63
<u>Plug information into A=P(1+r/n)^nt</u>
13000 = P(1+(.04/2))^(2*3)
13000 = P(1.02)^6
<u>Isolate P</u>
13000/(1.02^6) = P
P = $11543.63