Question 1137131
f = p * (1 + r) ^ n


f is the future value
p is the present value
r is the interest rate per time period
n is the number of time periods.


in your problem.


p is 2900
r is 3% per year which is equal to .03 per year.
n is 4 years.


the formula becomes f = 2900 * (1 + .03) ^ 4.


solve for f to get f = 3263.975549.