Respuesta :

Solution

For this case we have the following info:

A= 2176$ represent the present value

r= 7% = 0.07

t= 4 years

Replacing into the formula:

[tex]A=P(1+rt)[/tex]

We got:

[tex]A=2176(1+0.07\cdot4)=2785.28[/tex]

then the answer would be:

2785.28$

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