We can use the compound interest formula
F=P(1+i)^n
where
F=Future value of investment to be found
P=present value of investment ($1000)
i=interest per period (1/4 year)=0.04/4=0.01
n=number of periods (3 years * 4 quarters = 12)
Substitute or "Plug in" values, so to speak,
F=1000*(1+0.01)^12
use a calculator to do the sum
=1126.83 (to the nearest cent, and use the proper rounding rules)
Given the numbers on the computer 123 is shown very complicated. Well it’s not given all the numbers and mind thinking if u add formula 1 that shows that I have no idea what to tell you and ur stuck
Step-by-step explanation:
my guess is 11 for this question
