5000(1+.07)^2
5000(1.07)^2
5000(1.14)
5,700
Your final answer should be 5,700$. If you wanna double check you would use the equation fv=bv(1+r/m)^mt
It would be (3,0) and (0,3) respectively.
The range is the high and low points.
So (5, 2]
When you multipy 1.229 x 15 your answer is 18.435. Rounding to the nearest cent will only include 2 numbers after the decimal. Looking at 18.435, the last number, 5 will round your answer to 18.44
