jamesarriaga05
jamesarriaga05
25-03-2021
Mathematics
contestada
pls help I’ll give 23 points
Respuesta :
mhanifa
mhanifa
25-03-2021
Answer:
$2594.07
Step-by-step explanation:
Principal P = $2250
Interest rate r = 2.4% = 0.024 PA compounded
Compound number n = 1 (once per year)
Time t = 6 years
Future amount formula:
F = P(1 + r/n)^(nt)
Substitute given values:
F = 2250(1 + 0.024)^6 = 2594.07
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