Answer: 814685.
Step-by-step explanation:
After one year: [tex]p_{1} = p_{0} + 0.085p_{0} = (1+0.085)p_{0}[/tex].
After two year: [tex]p_2 = p_1+0.085p_1 = (1+0.085)^{2}p_0[/tex].
...
After [tex]n[/tex] year: [tex]p_n= (1 + 0.085)^{n}.p_0[/tex].
In this case [tex]n = 14[/tex], so [tex]p_{14} = (1+0.085)^{14}p_0=814684.9295[/tex]. By rounding up we have the answer [tex]814685[/tex].
