Answer:
17,229.62 pesos
Step-by-step explanation:
The compound interest formula for something that is compounding annually is
[tex]FV=PV(1+i)^n[/tex]
This question is a litte tricky because it's in months and not years
We can convert this into years by dividing it by 12
18/12=1.5 therefore n=1.5
which means we have
[tex]15900(1+.055)^{1.5}[/tex]
Compute this and get
17,229.62
