if u take out the 4 0s in 320.000 u will get 32 if u take out the percent of 23% u get 23 now mutiply 32 and 23 now u get 736 now add 3 0s then you have your answer
The formula is A=pe^rt We need to solve for p where A future value 15000 P present value? E constant R interest rate 0.059 T time 12 years So when you solve for p you get P=A÷e^rt P=15,000÷e^(0.059×12) P=7,389.43