Answer
$5,229.70
Work Step by Step
$5000*(1+(.015/4)^{4*3}$
$5000*(1.00375^{12})$
$5000*1.0459398$
$5229.70$
Algebra 1
by Hall, Prentice
Published by
Prentice Hall
ISBN 10:
0133500403
ISBN 13:
978-0-13350-040-0
Chapter 7 - Exponents and Exponential Functions - 7-7 Exponential Growth and Decay - Practice and Problem-Solving Exercises - Page 459: 19
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