## Math Problem Statement

What principal should be invested today to have 1000$ after 2 years if interest is paid at 4% per year, compounded quarterly(x4).

## Solution

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## Math Problem Analysis

### Mathematical Concepts

Compound Interest

Exponential Growth

Algebra

### Formulas

A = P(1 + r/n)^(nt)

### Theorems

Compound Interest Theorem

### Suitable Grade Level

Grades 10-12

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