Answer
$97122.5
Work Step by Step
We are given $R=10000, i=0.06, n=15$
the formula is $P=R[\frac{1-(1+i)^{-n}}{i}]$
so $\rightarrow P=10000[\frac{1-(1+0.06)^{-15}}{0.06}] \approx \$ 97122.5$
You can help us out by revising, improving and updating this answer.
Update this answerAfter you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.