Take a look at the attachment to see the solution.
A = future value
P = principal (P = 12,000)
r = interest rate (r=6)
n = time periods (n=12)
Answer:
c. $28.84
Step-by-step explanation:
C 28.84 just multiply 38.45 by .25 then you should get 9.6125 you subtract 38.45 by 9.6125 and get 28.84
I think A might be wrong though