#### Answer

$ 3656.38

#### Work Step by Step

Step 1: The formula used for this question is A=$Pe^{rt}$
Step 2: According to the data in the question, P= 1400, r=8%=0.08 and t=12
Step 3: Substituting these values in the formula, A is found to be 3656.38

Published by
Pearson

ISBN 10:
0321726391

ISBN 13:
978-0-32172-639-1

$ 3656.38

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