$4,749.14 is the future value of $3,048 invested for 8 years at 5.7 percent compounded annually.
What is compound?
Compound interest, also known as interest on principal and interest, is the practice of adding interest to the principal amount of a loan or deposit.
Therefore,
$4,749.14 is the future value of $3,048 invested for 8 years at 5.7 percent compounded annually.
To learn more about compound from the given link:
https://brainly.com/question/26487468
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