Answer:
Step-by-step explanation:
T's going to make a difference whether that 4 percent is compounded more
<span>than once a year. </span>
<span>We'll do the calculation assuming it's compounded only once a year, and if it </span>
<span>turns out to be compounded more often than that, then the calculation will </span>
<span>come out on the low side, and you'll wind up with a little bit more than $3,000. </span>
P<span> times (1.04)</span>3<span> = $3,000 </span>
P<span> = </span>3,000/<span>(1.04)3</span><span> = $2,666.980769 or </span><span>$2,667</span>
9 is the answer good luck
