Answer:
$2,611.21
Step-by-step explanation:
A = P(1 + r/n)^nt
A = 1500(1 + 0.057/1)¹⁰
A = 1500(1.057)¹⁰
A = 1500(1.740803988528..)
A = 2611.205982792..
A ≈ $2,611.21
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Where A is the total amount including interest, P is the initial amount or principle, r is the rate, n is how many times it is compounded per year, and t is the time in years.
