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3 years ago

Jack is investing $3,000 into an account

Mathematics

1 answer:

marin [14]3 years ago

5 0

Answer:

Step-by-step explanation:

I think this is the equation for annual compunt interest

FV = PV(1 + int)^time PV is present value FV is the future value

PV + Interest = FV

FV - PV = Interest

FV - PV

Interest = [3000(1 + 0.03)^30] - 3000

= 3000(1.03)^30 - 3000

= 3000(2.4272) - 3000

= 7281.79 - 3000

= $4282 to the nearest dollar <------------ Fianl Answer

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Answer:

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Step-by-step explanation:

Folosind formula:

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Step-by-step explanation:

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