SOLUTION: An investment of $7,650 earns interest at the rate of 5% and is compounded quarterly. What is the accumulated value of the investment at the end of 9 years?

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Question 765975: An investment of $7,650 earns interest at the rate of 5% and is compounded quarterly. What is the accumulated value of the investment at the end of 9 years?
Answer by reviewermath(1029) About Me  (Show Source):
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Q:
An investment of $7,650 earns interest at the rate of 5% and is compounded quarterly. What is the accumulated value of the investment at the end of 9 years?
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A:
7650%281+%2B+.05%2F4%29%5E%284%289%29%29 = $highlight%2811964.17%29