Anderson corporation had a credit balance of $43,000 in its retained earnings account on december 31, 2014. net income of $6,000 was reported on its income statement for the year ended december 31, 2015. dividends in the amount of $5,625 were declared on december 31, 2015; the dividends are payable to the company's stockholders on february 1, 2016. the balance in its retained earnings account on december 31, 2015 equals

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

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the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20

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