Here's the question you clicked on:
LovePink
---> Every month, Tristan deposits $488 into an interest-bearing account to save for a down payment on a house. The interest rate on the account is 5.27% compounding annually. What is the present value of the investment if Tristan purchases a house in 15 years?
There's a formula that can help with this: P=C(1+r)^t P=future price C=current price r= interest rate t=time
This will give you the interest after 15 years-- is that what is means by value of investment?
Let me work it out...
I got 1054.08... when you multiplied by the rate, did you do 5.27 or .0527 ?