Answer:
$9629.63
Step-by-step explanation:
I assume this is simple interest.
The formula for simple interest is
F = P(rt + 1)
where F = future value,
P = present value
r = annual interest rate
t = number of years
10,400 = P(0.02 × 4 + 1)
10,400 = 1.08P
10,400/1.08 = P
9,629.63 = P
Answer: $9629.63
