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Blababa [14]
3 years ago
13

What is the balance after three

Business
1 answer:
NARA [144]3 years ago
8 0

Answer:

Option C ($1529.82) is the correct alternative.

Explanation:

Given values:

Initial investment,

= $1400

Interest rate,

i = 3%

The future value will be:

= Initial \ investment(1+i)^3

= 1400(1+3 \ percent)^3

= 1400(1.03)^3

= 1400\times 1.092727

= 1529.82 ($)

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