Answer:
$1,352
Step-by-step explanation:
The computation of the initial amount is shown below:
As we know that
Ending value = Initial investment × e^{rate, time period}
$1,900 = Initial investment × e^{3.4%, 10}
$1,900 = Initial investment × e^0.34
$1,900 = Initial investment × 1.404947591
So, the initial investment is
= $1,900 ÷ 1.404947591
= $1,352
