The answer is 3. have a good day
Your answer is 9.
Since you have
2(2)^2 you get 2(4) which is 8.
Then you have -3(2) which is -6.
Lastly you have the 7.
When you add it up you get.
9
The formula for the future value A, given annual interest rate r, number of years t, and deposit amount P can be written as
... A = P(1 +r/12)((1+r/12)^(12t) -1)/(r/12)
Filling in the given numbers, you have
... A = 200(1+.0275/12)((1+.0275/12)^(12·39) -1)/(.0275/12) ≈ 167,868.30
The appropriate choice is $167,868.30.
_____
The formula is the one for the sum of a geometric series. It can be useful to consider the last deposit made as the first term of the series.