$11,000, invested for 9 years at 3% compounded quarterly.

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  1. P = Po(1+r)^n

    Po = $11,000

    r = (3%/4)/100% = 0.0075 = Quarterly
    % rate expressed as a decimal.

    n = 4comp./yr. * 9yrs. = 36 Compounding

    Plug the above values into the given Eq
    and solve for P(principal).

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