Answer
$3,795,957$
Work Step by Step
The nth term of a geometric series can be obtained by the following formula: $a_n=a_1\cdot r^{n-1}$, where $a_1$ is the first term and $r$ is the common ratio.
Hence here: $a_7=3,000,000\cdot1.04^{7-1}=3,795,957$
