Respuesta :

Answer:

Step-by-step explanation:

FV = p (1+i)^n -1

             i

pv = 700,000

i = .075/12 = .00625

n = (66 - 15)* 12 = 612

700,000 = P (( 1 + .00625)^ 612 -1 /.00625

4375 = P (1.00625)^612 -1)

P = $98.77

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