As given by the question
There are given that the 4603 invested for 2 years at 3% compounded.
Now,
From the formula of future value:
[tex]FV=X\times(1+i)^n[/tex]Where X is an original investment, i is the interest rate and n is numbers of periods.
Then,
[tex]\begin{gathered} FV=X\times(1+i)^n \\ FV=4603\times(1+0.03)^2 \\ FV=4603\times1.0609 \\ FV=4883.3227 \end{gathered}[/tex]Hence, the future value is $4883.3227.
