Answer:
463,185
Step-by-step explanation:
3.75% of 370,000 is 13875
370,000 + 13875 = 383,875
(end of first year)
3.75% of 383,875 is 14395.312, rounding it down to 14395
383,875 + 14,395 = 385,370
(end of second year)
3.75% of 385,370 is 14451.375, rounding it down to 14451
385,370 + 14,451 = 399,821
(end of third year)
3.75% of 399,821 is 14993.287499999999, but I'm rounding it down to 14,933
399,821 + 14,933 = 414,754
(end of fourth year)
3.75% of 414,754 is 15553.275, but I'm rounding it down to 15,553
414,754 + 15,553 = 430,307
(end of fifth year)
3.75% of 430,307 is 16136.512499999999, but I'm rounding it down to 16,136
430,307 + 16,136 = 446,443
(end of sixth year)
3.75% of 446,443 is 16741.6125, but I'm rounding it up to 16,742
446,443 + 16,742 = 463,185
(end of seventh year)
Hopefully, that helped :) I rounded to make the numbers easier to work with, rounding down with numbers below 5, and rounding up with numbers 5 and above.
