Using the equation A=P(1+(r/n))^nt.
n=monthly, so it's 12.
t=19 years
r=6.9% as a decimal is .069
P=47,000
.069/12=.00575
.00575+1=1.00575
nt=12*19=228
1.00575^228=3.695
3.695*47000=$173,711
Answer: $173,711
No the correct way would be 3/5
Less than,this is because of the 0 after the decimal in 0.035 hope i helped
u have aloft of questions but I can try to heap u