Question

Ann deposited $4000 into an account with 5.2% interest, compounded quarterly. Assuming that no withdrawals are made, how much will she have in the account after o years?
Do not round any intermediate computations, and round your answer to the nearest cent.

Answer 1

Do you mean "o" as the number 0, a variable (say t years), or was that a typo (e.g. 10 years)?

General formula for t years with quarterly compounding:
A = 4000(1 + 0.052/4)^{4t} = 4000(1.013)^{4t}.

If o = 0 then A = $4,000.00.

If you meant 10 years, then
A = 4000(1.013)^{40} ≈ $6,704.15 (rounded to the nearest cent).

Tell me which value of o you want and I will give the numeric result.