Shawnee is putting $3,500 into an account earning 4.85% interest compounded quarterly. She estimates that it will take just over 11 years for this investment to grow to $6,000. Which of the following is a true statement?

Answer 1

4.85/4 = 1.21625 = quarterly percent
11 years = 44 quarters
(1.0121625)^44 = 1.7022

3,500 * 1.7022 = 5957.70 so agree.
I do not see any list of staetements