averianahdugger averianahdugger

01-11-2019
Mathematics

contestada

$161, 6.45%, 4 months

Respuesta :

crazycandy303 crazycandy303

05-11-2019

Answer:

$164.39

Step-by-step explanation:

Use this formula to solve. FV = PV(1+i)^n

FV = Future Value

PV = Present Value

i = interest in decimal form

n = number of years

FV = 161(1.0645)^(1/3)

164.38963504

rounded to nearest cent = 164.39

$3.39 interest paid

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