Answer:
14,619.88
Explanation:
The investment today amount shall be calculated using the following formula:
F=P(1+i/n)^nt
F= total future amount which include interest+principal=$25,000
P=Amount that should be invested today
i=interest rate per year=2.15%
n=number of months in a year=12
t=time involved in investment in years=25
F=P(1+i/n)^nt
25,000=P(1+2.15%/12)^12*25
25,000=P(1.71)
P=14,619.88
