Question

igor invested $2,176 in a saving accounts which earns 3,14% interest compounded quarterly. what will the account be worth in seven years???
A) $2,759.85
B) $21,502.71
c) $2,309.22
d) $5,564.29
please help me

Answer 1

\[2176\times \left(1+\frac{.0314}{4}\right)^{28}\] and a calculator

Answer 2

the 28 because four times seven is 28