Once the licensee has received a revocation or suspension notice, the licensee’s license and pocket card must be returned to the department after receiving the notice

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

they work in some type of way

answer; conceptual skills;