Answer
5,234.58
Work Step by Step
$P=4000$
$t=3$
$r=.09$
$n=12$
$A=P*(1+(r/n))^{n*t}$
$A=4000*(1+(.09/12))^{12*3}$
$A=4000*(1.0075)^{36}$
$A=4000*(1.0075)^{36}$
$A=4000*1.308645$
$A=5234.58$
Intermediate Algebra (6th Edition)
by Martin-Gay, Elayn
Published by
Pearson
ISBN 10:
0321785045
ISBN 13:
978-0-32178-504-6
Chapter 9 - Test - Page 599: 27
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