Answer:
$4,110
Step-by-step explanation:
In compound interest, Future Value formula is;
FV = PV (1+r)^n
PV= amount deposited in present value terms = $4,000
r = interest rate = 2.75% or 0.0275 as a decimal
n= total duration of investment = 1
FV = 4000*(1+0.0275)^1
FV = 4000*(1.0275)^1
FV = 4000 *1.0275
FV = $4,110
Therefore, her balance will be $4,110
