Answer:
983040
Step-by-step explanation:
Second Year : 15x4=60
Third Year : 60x4=240
Fourth Year : 240x4=960
Fifth Year : 960x4=3840
Sixth Year : 3840x4=15360
Seventh Year : 15360x4 = 61440
Eighth Year: 61440x4=245760
Ninth Year : 245760x4= 983040
Pv=4,725×((1−(1+0.10÷2)^(−2
×15))÷(0.10÷2))=72,634.83
0.875 as a fraction is 7/8 because 875/100 is equal to 7/8