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cheyenne1999 cheyenne1999
  • 09-09-2016
  • Mathematics
Answered

p = $14,300

r = 7 %

t = 4

Verified Answer :

dalendrk
dalendrk dalendrk
  • 09-09-2016

\(A=P\left(1+\dfrac{t}{100}\right)^t\\\\P=\$14,300\\r=7\%\\t=4\\\\A=\$14,300\left(1+\dfrac{7}{100}\right)^4=\$14,300(1+0.07)^4\$14,300\cdot1.07^4\approx18,744.38\)

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