Answer:
$12424
Step-by-step explanation:
Given that:
Mean (μ) = $16,125, Standard deviation (σ) = $7,875.
The z score corresponding to the 32nd percentile from the normal distribution table is -0.47. That means that the z score of -0.47 = 0.32 = 32nd percentile.
The z score is given by the equation:
, where x is the raw score
Substituting the values and calculating for x:

x ≈ 12424
The debt corresponding to the 32nd percentile is $12424