Question 526002
you will need to use logarithms to solve this


the interest rate per compounding period is 1/4 of 7.6% or 1.9%


25 yr with 4 compoundings per year is 100 compoundings


P is the principal (beginning amount)


100,000 = P (1 + .019)^100


log(100,000) = log(P) + [100 log(1.019)]



you should get a bit over 15,200