Answer
The future value in 3 years is $3042.50
Work Step by Step
2500 dollars - p
The interest is 6.6% compounded quarterly.
A = 2500(1 + $\frac{.066}{4})^{4x3}$
Thus, the future value in 3 years is $3042.50
Calculus Concepts: An Informal Approach to the Mathematics of Change 5th Edition
by LaTorre, Donald R.; Kenelly, John W.; Reed, Iris B.; Carpenter, Laurel R.; Harris, Cynthia R.
Published by
Brooks Cole
ISBN 10:
1-43904-957-2
ISBN 13:
978-1-43904-957-0
Chapter 1 - Ingredients of Change: Functions and Limits - 1.6 Activities - Page 64: 6
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