Answer:
$22,637
Step-by-step explanation:
When u recive $15,000 you invest it at 7.1 percent per year.
To solve this we have to do a sume of all dollars that we have at the first year with the intrest, and that wil be the total for the second years. And repeat for the follows years.
1º year= 15,000*1.071 (7.1%)=$16,065
2º year= 16,065*1.071 (7.1%)=$17,206
3º year= 17,206*1.071 (7.1%)=$18,427
4º year= 18,427*1.071 (7.1%)=$19,735
5º year= 19,735*1.071 (7.1%)=$21,137
6º year= 21,137 *1.071 (7.1%)=$22,637
The total is the money at the end of the years= $22,637