Question: Evaluate the following formula for the values given A=p(1+(r)/(n))^(nt) when p=100,r=0.04, n=1,t=3 (the compound interest formula). The answer is (Type an integer or decimal

Evaluate the following formula for the values given A=p(1+(r)/(n))^(nt) when p=100,r=0.04, n=1,t=3 (the compound interest formula). The answer is (Type an integer or decimal rounded to the nearest hundredth as needed)

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