Answer:
38,095.24
Step-by-step explanation:
40,000 = P(1 + 0.05)^1
P = 40,000/1.05
P = 38095.2380952
Answer:
600 is closest to the actual answer so pick that.
To Find :
Net worth of Rachel.
Solution :
Net worth is given by the (sum of all the assets she owns) -( total amount of loans she have ).

Therefore, net worth of Rachel is $ 363587.
Hence, this is the required solution.