Answer:
$9288.18
Step-by-step explanation:
She has P = 8500 dollars to deposit for t = 3 years and it's compounded n = 1 times per year. So this means the final amount A is...
A = P*(1+r/n)^(n*t)
A = 8500*(1+0.03/1)^(1*3)
A = 8500*(1.03)^3
A = 8500*(1.092727)
A = 9288.1795
A = 9288.18
