3 years ago

Pls help I’ll give 23 points

Mathematics

1 answer:

Andrew [12]3 years ago

8 0

Answer:

$2594.07

Step-by-step explanation:

Principal P = $2250
Interest rate r = 2.4% = 0.024 PA compounded
Compound number n = 1 (once per year)
Time t = 6 years

<u>Future amount formula:</u>

F = P(1 + r/n)^(nt)

<u>Substitute given values:</u>

F = 2250(1 + 0.024)^6 = 2594.07

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