The product of an initial investment, i, and the quantity of the sum of 1 and the annual interest rate, r, raised to the power of n, the number of years of the investment, is equal to m, the current amount of money in an investment account. if an initial investment of $1,423.00 is made to an account with an annual interest rate of 2%, what will be the value of m after 3 years? round to the nearest cent. a. $1,510.10 b. $1,339.32 c. $1,480.49 d. $1,508.38

  A. $1,510.10

Step-by-step explanation:

Fill in the given numbers and do the arithmetic.

  M = I·(1+r)^n

  M = $1423.00·(1 +.02)^3 = $1510.099

  M ≈ $1510.10

step-by-step explanation: i dont

the simplified form is

step-by-step explanation:

we want to simplify the expression,

let us change the middle bar to a normal division sign to obtain,

we multiply the first fraction by the reciprocal of the second fraction to obtain,

we factor to obtain,

we cancel the common factors to get,

we simplify to get,

the correct answer is b