Answer:

Step-by-step explanation:
The present value of the house is $120,000 and the interest rate is 5.5%, or 0.055.
We will utilize the following equation:

where
represents the present value,
symbolizes the interest rate, and
refers to the number of years.
By inputting the values into the above equation, we can obtain:


Answer:
I've got no idea; I just forgot the answer, but I did my best.
Step-by-step explanation: