Answer:
$4250
Step-by-step explanation:
i = prt
or
p = i / rt
where,
i = $1,785
r = 6% = 0.06
t = 7 years
So, we can calculate initial vale by putting the values in above equation;
p = $1,785 / (0.06 x 7)
p = $1,785 / 0.42
p = $4,250
Hence the initial value will be $4250
