Question: The compound interest equation is A = P ( 1 + i ) n . Solve this equation for P . ( 1 pt )

The compound interest equation is A = P(1+i)n.
Solve this equation for P.(1 pt)
Using the equation in part a, solve the following problem: An investment is made into an account paying 4.5% interest compounded monthly for 14 years. At the end of the term, the investment will be worth $10314.70. What was the initial investment? (3 pts)
Solve the same problem in question b, using a TVM solver. Write down the inputs you made on the calculator and put a question mark for the unknown. (3 pts)

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