Answer:
It will be worth $9,000 in 2026.
Step-by-step explanation:
$12,500 * 0.04 = 500; thus, you subtract 500 from the total for each year.
2020: 12,500 - 500 = 12,000
2021: 12,000 - 500 = 11,500
2022: 11,500 - 500 = 11,000
2023: 11,000 - 500 = 10,500
2024: 10,500 - 500 = 10,000
2025: 10,000 - 500 = 9,500
2026: 9,500 - 500 = $9,000.
