Question

find the amount of money in an account after 10 years if a principal of $2500 is invested at 3.5% interest compounded quarterly.

show work please I got 2250 but my book shows 3542.27
Use
Amount = principal * (1+i)^n
principal=initial investment
number of periods (of 3 months) = 10*4=40
i=interest per period = 3.5%/4=0.00875

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