Answer
$22,902.04\ dollars$
Work Step by Step
Given $A=25000, r=0.032, n=4, t=\frac{11}{4}\ yr$, we have:
$A=P(1+\frac{r}{n})^{nt}\longrightarrow 25000=P(1+\frac{0.032}{4})^{4(\frac{11}{4})}\longrightarrow P\approx22,902.04\ dollars$
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.