Tina invests $3,700 into an account with a 4.4% interest that is compounded quarterly. How much money will she have in
this account if she keeps it for 8 years?
Round your answer to the nearest cent.
DO NOT round until you have calculated the final answer.
The 4.4% interest rate compounded quarterly means that you get 4.4%/4 four times a year. Over 8 years, that is 32 times. Since we use decimals, not percentages, we get
