Prove that for all integers n> 1,4 -1 is divisible by 3

9514 1404 393

  $1,322.05

Step-by-step explanation:

The compound interest formula is appropriate.

  A = P(1 +r/n)^(nt) . . . principal P earning annual rate r for t years, compounded n times per year

You have P=1000, r=.07, n=12, t=4, so the balance is ...

  A = $1000(1+.07/12)^(12·4) ≈ $1000(1.322054)

  A = $1,322.05

Jennifer's ending balance is $1,322.05.