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You invest $3,300 for three years at 8 percent. a. What is the value of your investment after one year? Multiply $3,300 1.08. b. What

You invest $3,300 for three years at 8 percent.

a. What is the value of your investment after one year? Multiply $3,300 1.08.

b. What is the value of your investment after two years? Multiply your answer to part a by 1.08. (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 1.08. This gives your final answer. (Round your answer to 2 decimal places.)

d. Combine these steps using the formula FV = PV (1 + i)n to find the future value of $3,300 in 3 years at 8 percent interest. (Round your answer to 2 decimal places.)

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