Answer :
The balance after 6 years can be determined as,
[tex]\begin{gathered} A=P(1+\frac{r}{100})^t \\ =400(1+\frac{14}{100})^6 \\ =877.99 \end{gathered}[/tex]Thus, the required balance is 877.99 USD.
The balance after 6 years can be determined as,
[tex]\begin{gathered} A=P(1+\frac{r}{100})^t \\ =400(1+\frac{14}{100})^6 \\ =877.99 \end{gathered}[/tex]Thus, the required balance is 877.99 USD.