you deposit $3000 into a money-market savings account which pays 4.8% compounded quarterly, and you make no withdrawals from or further deposits into this account for 3 years. how much money is in your account at the end of those 3 years?
give answer in dollars rounded to the nearest cent. do not enter "$" sign in answer.

$5265.71

Step-by-step explanation:

We have been given that you deposit $3000 into a money-market savings account which pays 4.8% compounded quarterly.

We will use future value formula to solve our given problem.

, where,

,

r = Rate of return in decimal form,

n = Number of periods.

Therefore, there will be $5265.71 in your account at the end of those 3 years.

b