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1000000\times 1.04^{3}+3000000\left(1+0.04\right)^{2}
Add 1 and 0.04 to get 1.04.
1000000\times 1.124864+3000000\left(1+0.04\right)^{2}
Calculate 1.04 to the power of 3 and get 1.124864.
1124864+3000000\left(1+0.04\right)^{2}
Multiply 1000000 and 1.124864 to get 1124864.
1124864+3000000\times 1.04^{2}
Add 1 and 0.04 to get 1.04.
1124864+3000000\times 1.0816
Calculate 1.04 to the power of 2 and get 1.0816.
1124864+3244800
Multiply 3000000 and 1.0816 to get 3244800.
4369664
Add 1124864 and 3244800 to get 4369664.