Answer:
$44,325.
Explanation:
In this question we use the future value formula which is shown below:
Future value = Present value × (1 + interest rate)^number of years
= $22,500 × (1 + 0.07)^10
= $22,500 × 1.97
= $44,325
We simply applied the future value by considering the present value, interest rate and the number of years
