The t in the formula A=Pert represents the time to accumulate, in years. So in this case, t=6. Plugging in to the formula gives us A=Pert = 3000 e(0.07 * 6) = 4,565.88.
The t in the formula A=Pert represents the time to accumulate, in years. So in this case, t=6. Plugging in to the formula gives us A=Pert = 3000 e(0.07 * 6) = 4,565.88.