Answer and explanation:
Remember that t equals 2.9 x 5. You multiply 2.9 by 5 and get 14.5
t = 14.5
A = P(1 +rt) where A is the total amount(principal and interest), r is the rate, and t is the time invested.
A = 5200[1 + .0736(4.5)]
A = 6922.24
note we had to change the rate to a decimal by dividing by 100
Also 54 months is equal to 4.5 years...you enter time in years.
