$$\mathrm { P } \left( 1 + \frac { \mathrm { r } } { \mathrm { k } } \right) ^ { \mathrm { kn } } \text { for } \mathrm { P } = \$ 480 , \mathrm { n } = 3 , \mathrm { r } = 5 \% , \mathrm { k } = 4$$

Question

Examlex · Accepted Answer

The Answer of $$\mathrm { P } \left( 1 + \frac { \mathrm { r } } { \mathrm { k } } \right) ^ { \mathrm { kn } } \text { for } \mathrm { P } = \$ 480 , \mathrm { n } = 3 , \mathrm { r } = 5 \% , \mathrm { k } = 4$$

A) $55028
B) $557

Definitions:

A) $55028 B) $557

Definitions:

A) $55028
B) $557