Question 958189
{{{ A = P*( 1 + r/n )^(n*t) }}}
{{{ A = 2975*( 1 + .04/1 )^( 1*2.5 ) }}}
{{{ A = 2975*1.04^2.5 }}}
{{{ A = 2975*1.10302 }}}
{{{ A = 3281.48 }}}
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The balance will be $3,281.48