An investment account earns 4% per year compounded annually. If the initial investment was $4,000.00, how much is in the account after 3 years? Round your answer to the nearest dollar.

Answer 1

After 3 years, he will have $4499.45

steps:
4000*1.04
=4160*1.04
=4326.4*1.04
=4499.456