Answer:
$142.04
Step-by-step explanation:
The compound interest formula tells you the value will be ...
A = P(1 +r/12)^(12t)
Principal P invested at annual rate r compounded monthly for t years.
__
Using the given values, the formula tells you the investment value will be ...
A = $126(1 +0.03/12)^(12·4) = $126(1.0025^48) ≈ $142.04
Your investment will be worth $142.04 in 4 years.
