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You invest $3,800 for three years at 7 percent. a. What is the value of your investment after one year? Multiply $3,8001.07 b. What is
You invest $3,800 for three years at 7 percent. a. What is the value of your investment after one year? Multiply $3,8001.07 b. What is the value of your investment after two years? Multiply your answer to part a by 1.07 . Note: 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. Note: Round your answer to 2 decimal places. d. Combine these steps using the formula FV=PV(1+Is) to find the future value of $3,800 in 3 years at 7 percent interest. Note: Round your answer to 2 decimal places
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