Question: Use the formula, A= 1000*(1 + r)^(N)whereN = the number of periods (6) and r = the periodic interest rate = APR/12, where APR is

Use the formula, A= 1000*(1 + r)^(N)whereN = the number of periods (6) and r = the periodic interest rate = APR/12, where APR is the annual percentage rate.

APR is 24.76, and N=6

Can someone please show me how to solve this step by step

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