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You invest $3,000 for three years at 7 percent. a. What is the value of your investment after one year? Multiply $3,000 1.07. b. What

You invest $3,000 for three years at 7 percent.

a. What is the value of your investment after one year? Multiply $3,000 1.07. b. What is the value of your investment after two years? Multiply your answer to part a by 1.07. (Round your answer to 2 decimal places.) c. What is the value of your investment after three years? Multiply your answer to part b by 1.07. This gives your final answer. (Round your answer to 2 decimal places.)

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