Answer
$\$3795957$
Work Step by Step
The general formula to find the nth term of a Geometric sequence is given as: $ a_{n}=a_1r^{n-1}$
Here, we have $ a_1= 3,000,000$ and Common Ratio, $ r=1.04$
Now, $ a_{7}=3,000,000 \times (1.04)^{7-1}=3,000,000 \times (1.04)^{6}=3795957$
