Answer:
$5073.37
Step-by-step explanation:
We can use the simple interest rate (appreciation) formula: A = P(1 + r)^t
Because it gives us 3 months, we need to put it in terms of years. That will give us 1/4 of a year:
A = 5000(1 + 0.06)^0.25
When you plug that into the calc, you should get 5073.37 as your final answer!
