Answer:
- [tex] \rightarrow [/tex] $1,590.4
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Solution:
[tex] \rightarrow [/tex]Formula: Amount = P x (1 + R x T)
[tex] \rightarrow [/tex] = 1,400 x (1 + 3.4% x 4)
[tex] \rightarrow [/tex] = 1, 400 x (1 + 0.034 x 4)
[tex] \rightarrow [/tex] = 1,400 x (1 + 0.136)
[tex] \rightarrow [/tex] = 1,400 x 1.136
[tex] \rightarrow [/tex] = 1,590.4
