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miv72 [106K]
3 years ago
8

Directions: Use the following formula to assist you with questions 13 and 14.

Mathematics
1 answer:
Zanzabum3 years ago
6 0
The value of Amanda's investment will be given by:
A=P(1+r)^n
where:
Principle, P=$1000
rate,r=3.5%
time,n=4+9/12=4 3/4=4.75 years
thus
A=1000(1+3.5/100)^4.75
A=$1177.52
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