Answer:
$303,801.3955
Explanation:
The formula for calculating the total amount at the end of 32 years using the compounding interest is mentioned as follows:
Future value=P(1+i)^n
Where in given question
Future value=?
P=amount deposited today=$86,601
Interest rate=4%
n=number of years involved=32
Future value=86,601(1+4%)^32=$303,801.3955
