Question

$2800 is invested at a rate of 3.4% compounded

quarterly. find the balance after 3 years.
hint: quarterly means four times per year. how do you use this
information in the formula?

Answer 1

4182.197099

Explanation:

here is the function 2800(1+0.034)^12 If you have any questions please comment them! Hope this helps! ;-)