Answer:
$13,493.54
Step-by-step explanation:
We are gonna use the provided formula: A = P(1 + r/m)^mt
A = Final amount (?)
P = Starting amount (10,000)
r = rate (0.03)
m = times applied (12 since it is compounded monthly)
t = years (10)
A = 10,000(1 + 0.03/12)^12·10
I would suggest using a calculator, but let's try to get a little far with this
A = 10,000(1 + 0.0025)^12·10
A = 10,000(1.0025)^120
A = 13,493.535471908333
