Question: Can someone explain how to do #16 only please? Unsure of how to get those numbers and if you can, provide formulas! Thanks in advance!

Can someone explain how to do #16 only please? Unsure of Can someone explain how to do #16 only please? Unsure of how to get those numbers and if you can, provide formulas! Thanks in advance!

52.4015=12 P3=12.035.15=57.22 P0=57.22(1.12)3=40.73 .075=P65 P=65/.075=$866.67

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