Carlito wants to save $50,000 over 30 years. His bank has a savings account that offers 4% interest, compounded quarterly. How much does he need to deposit into the account in order to reach his desired goal?

$ 165,019.34

Step-by-step explanation: I used this formula to calculate it "A = Pe^rt."

I'm not sure if it's correct but I tried.

A = P + I where

P (principal) = $ 50,000.00

I (interest) = $ 115,019.34

7200

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hello :

by applying the distributive property :

6 × 4.3 = 6 × ( 4 + 0.3 )

            =   (6 ×   4) + (6 ×   0.3)

            = 24 + 1.8

6 × 4.3 = 25.8