Mathematics, 26.04.2021 02:40, tonya3498

Mark needs $26,700 to purchase a boat. How much money will he need to invest today in a savings account earning 4.6% interest, compounding quarterly, to have enough money to purchase the boat in 12 years? (2 points) $3,083.12

$15,422.28

$22,220.50

$25,266.90
The correct answer is $15,422.28, I just need the work to solve it. Can anyone help me please?

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Mark needs $26,700 to purchase a boat. How much money will he need to invest today in a savings acco...