SOLUTION: A deposit account in the mid-shires Bank of 3200, which pays compound interest at 8 % per year, with tax paid. He hopes to keep the money in the bank for 3 years.

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Question 1099702: A deposit account in the mid-shires Bank of 3200, which pays compound interest at 8 % per year, with tax paid. He hopes to keep the money in the bank for 3 years.
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
I'm assuming you want the future value?
F=P%281%2Bi%29%5En
F=3200%281%2B8%2F100%29%5E3
F=3200%281.08%29%5E3
F=3200%281.259712%29
Work that out for the answer.