Answer:
P = $1,064.79
Step-by-step explanation:
the equation we will use is P = A / (1 + rt), where P=principle, A=amount payed, r=rate(interest), and t=time. first convert the rate into a decimal (0.035) and then plug in the numbers into the equation P = 1512 / ( 1 + (0.035 × 12)) = 1064.79
