Answer:
Step-by-step explanation:
3 = 1(1 + x)^4
let q = 1 + x
3 = q^4
ln(3) = 4 ln(q)
ln(3)/4 = ln(q)
.274 = ln(q)
q = e^.274 = 1.316
x = .316
Future amount = 48(1+.316)^4
Future amount = 143.96
