anonymous 3 years agowe are solving for A,
A is the future amount A=?
P is the present value, so we were told 7,900, so p=7900
r is the interest rate, so 4.3%, but in decimal form so r=0.043
k is the how often it is 'compounded', it says quarterly, so k=4
n is how long, 3 years, so n=3
A=P(1+rk)n∗k
plug in the values
A=8981.51
