Answer:
F= $2219.91
Step-by-step explanation:
[tex]F=P(1+i)^{n}[/tex]
Here
F= value of money after 10 years
P= present value
i= interest
n= number of compound on money
P=$750 i = 11%/4=0.0275 n=10x4= 40
[tex]F=750(1+0.0275)^{40}[/tex]
[tex]F=750(1.0275)^{40}[/tex]
[tex]F=750(2.96)[/tex]
F= $2219.91
