Na
1 answer:
Answer:
6,874.70
Step-by-step explanation:
You are going to want to use the compound interest formula, which is shown below.
<em>P = initial balance </em>
<em>r = interest rate </em>
<em>n = number of times compounded annually </em>
<em>t = time </em>
Now lets plug in the values into the equation.
= 6,874.70
Your answer is 6,874.70.
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