Answer
$103796.6
Work Step by Step
We are given $R=10000, i=0.05, n=15$
the formula is $P=R[\frac{1-(1+i)^{-n}}{i}]$
so $\rightarrow P=10000[\frac{1-(1+0.05)^{-15}}{0.05}] \approx \$ 103796.6$
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