Answer
$5234.58
Work Step by Step
We use the formula $A=P(1+\frac{r}{n})^{nt}$
$P=4000$
$t=3$
$r=0.09$
$n=12$
$A=4000(1+\frac{0.09}{12})^{12\times3}$
$=5234.58$
Algebra: A Combined Approach (4th Edition)
by Martin-Gay, Elayn
Published by
Pearson
ISBN 10:
0321726391
ISBN 13:
978-0-32172-639-1
Chapter 12 - Test - Page 910: 27
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