Question

Use the compound interest formula to find the future value A for the following values.

P= $ 1,500
i = 0.075
n= 26

Answer 1

`\bf ~~~~~~ \textit{Compound Interest Earned Amount} \\\\ A=1500\left(1+(0.075)/(1)\right)^(1\cdot 26)\implies A=1500(1.075)^(26)`