9514 1404 393
Answer:
$852.82
Step-by-step explanation:
Each quarter the account value is multiplied by 1+(4%/4) = 1.01. After t quarters, the account value is 1.01^t times its initial value.
This same relation works backward in time. For t = -16 quarters (4 years ago), the account value was ...
1000(1.01^-16) ≈ 852.82
Wyatt deposited $852.82.
