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You deposit $5000 in a savings acount for 8 years You earn interest at a rate of 4% compunded
quarterly. At the end of the 8 years, how much money in total will be in the account? Give your
answer rounded to 2 decimal places and do not use a S.

6,874.70

Step-by-step explanation:

You are going to want to use the compound interest formula, which is shown below.

P = initial balance

r = interest rate

n = number of times compounded annually

t = time

Now lets plug in the values into the equation.

= 6,874.70

Your answer is 6,874.70.

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you need to upload the picture of the circle.

step-by-step explanation: