600$ for 3 years at 6% compounded annually?
Your set up would be A=600e^(.06*3)
Your answer would beĀ 1630.96909708
And if you round it to the nearest 4th decimal it would be
1630.9691
\(F=P(1+ \frac{r}{n})^{tn}\)
F=future amount
P=present amount
r=rate in decimal
n=number of times per year compounded
t=time in years
\(F=600(1+ \frac{0.06}{1})^{(3)(1)}\)
\(F=600(1.06)^{3}\)
F=714.61
answer is $714.61