Answer:
the ending balence would be about $1647.82 but if the question is asking the total compounded interest, it would be about $897.82
Explanation:
the formula for compound interest is
A = p ( 1 + [tex]\frac{r}{n}[/tex] )^ [tex]^{nt}[/tex]
p = $750
r = 4.6% --> 0.046 ( /100)
n = 1 (charged once a year)
t = 48 months --> 4 ( /12)
bedmas or pemdas
A = $750 ( 1 + 0.046 / 1 ) ^ 1 x 4
A = $750 ( 1 + 0.046 ) ^ 1 x 4
A = $750 ( 1.046 ) ^ 1 x 4
A = $750 x 1.17089821
A = $897.82 (rounded #)
$897.82 + $750 = $1647.82
