If jill's spends the money to buy materials from zach's zippers, which has its checking account at pnc bank, show the effect on bank of america's balance sheet. (enter your responses as integers. include a minus sign to indicate a negative change, but do not include a plus sign for a positive change.) bank of america assets liabilities reserves $ nothing checkable deposits $ nothing

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20

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