Question 978527
Hi there,
100% + 4.5% = 104.5% = 
104.5/100 = 1.045
a) $1500 x 1.045^2
= $1638.04
b) $1500 x 1.045^3
= $1711.75
c) $1500 x 1.045^12
= $2543.82
Hope this helps:-)