Which is the most accurate definition of bankruptcy? a. you have the ability to put money in a bank. b. you just decide not to pay your bills. c. you legally declare you can't pay your bills. d. you can't live in your house due to foreclosu?

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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