Future value = p × (1+ i)t `"present value" = "p" / (1 + i)^"t"` kate wants to have $25,000 in 16 years. how much does she need to invest if the interest rate is 6 percent per year? a. $10,431.63 b. $9,841.16 c. $7,353.88

The answer is c because you turn 17.5% into a decimal which gives you .175 then you times that by $361.35 which gives you 63.23625 but then you round that which gives you 63.24. then you at 63.24 pulse 361.35 and you round it which gives you $425

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Ireally don’t understand your problem do you have a better picture of it