The equation that they have given is an absolute function meaning any outcome in this function will be POSITIVE no matter what. For example B(-6) = l-6 + 4l B(-6) = l-2l or B(-6) = 2
<span>Amount spent at start C = $300
Rate = 3% = 0.03
Number of periods = 3 years
Future Value at the maturity FV = 300 x (1 + 0.03) ^3= 300 x 1.0927 = 328
The correct answer would be 328.14</span>