Question 1129003
The compund interest formula is
:
A = P(1 +r/n)^(nt), where 'A' is the amount of money after 't' years compounded 'n' times at interest rate 'r' with starting amount 'P'
:
Note n = 4 because the rate is compounded quarterly
:
A = 1000(1 +0.035/4)^(4*5) = 1190.3397 
:
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At the end of 5 years Karen has $1190.34
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