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OlgaM077 [116]
2 years ago
13

Pls help I’ll give 23 points

Mathematics
1 answer:
Andrew [12]2 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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