Question 1196868



{{{A=P(1+r/n)^(nt)}}}

Given Data:

Present value: 
{{{P=7900}}}
Future value: 
A=?
Rate of interest: 
{{{r=3}}}%={{{0.03}}}
Number of  period per year; {{{n= 4}}}
years: {{{t=3}}}


{{{A=7900(1+0.03/4)^(4*3)}}}

{{{A=7900(1.0075)^12}}}

{{{A=7900*1.093806897671}}}

{{{A=8641.08}}}