3 years ago

Will give brainliest, will give 25 points

Social Studies

1 answer:

fredd [130]3 years ago

3 0

Answer:

$117,555

Explanation:

A = P(1 + r/n)^nt

Where,

A = future value

P = principal = $75,000

r = interest rate = 3% = 0.03

n = number of periods = 12

t = time = 15 years

A = P(1 + r/n)^nt

= 75,000(1 + 0.03/12)^12*15

= 75,000(1 + 0.0025)^180

= 75,000(1.0025)^180

= 75,000(1.5674)

= 117,555

A = $117,555

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