Question

Find A when P=4000 r =45 n=12 t=10
A=P(1+r/n)^nt

Answer 1

r was supposed to equal 4% that was a typo

Answer 2

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


A=4000(1+0.04/12)^(12*10)


A=4000(1+0.00333333333333)^(120)


A=4000(1.00333333333333)^(120)


A=4000(1.49083268241762)


A=5963.33072967048


A=5963.33