Answer:
$16,557
Step-by-step explanation:
The computation of the amount after four years is shown below:
As we know that
Future value = Present value × (1 + rate of interest)^number of years
= £15,000 × (1 + 2.5%)^4
= £15,000 × 1.025^4
= $16,557
.25
1/6
