Question

123456 with an interest rate of 4.56% will be worth how much over 9 1/4 years

Answer 1

186484.941

Explanation:

y = a(b)^x

a: starting value

b: 1 + r

r = 4.56/100 = 0.0456

y = 123456(1.0456)^9.25

y = 186484.941