Answer:
5/9 of a chance
Step-by-step explanation:
or a 55.55- chance
Hi there
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
Hope it helps
I believe the answer is $4.06
let me know if i’m wrong though
