1.
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we are given
investment amount is 2300
so,
it is compounded monthly
so,
n=12
now, we can use formula
now, we can plug values
t=7/12
and we get
now, we can find FV
............Answer
we are given
investment amount is 2300
so,
it is compounded monthly
so,
n=12
now, we can use formula
now, we can plug values
t=7/12
and we get
now, we can find FV
............Answer