Answer
$A \approx 4914.2$
Work Step by Step
Use the formula for compound interest with
$P=2781.36$
$r=0.048$
$m=4$
$t=6$
$A=P(1+\frac{r}{m})^{tm}$
$A=2781.36(1+\frac{0.048}{2})^{4(6)}$
$A \approx 4914.2$
Calculus with Applications (10th Edition)
by Lial, Margaret L.; Greenwell, Raymond N.; Ritchey, Nathan P.
Published by
Pearson
ISBN 10:
0321749006
ISBN 13:
978-0-32174-900-0
Chapter 2 - Nonlinear Functions - Chapter Review - Review Exercises - Page 114: 89
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