Me will give brainliest
find the balance in an account with $7,000 principal earning 5% interest compounded quarterly
after 10 years. round your answer to the nearest hundredth if necessary.
**show your work plz

~Hello There!~

There is a formula you can use to get this answer pretty quickly:

n would be the number of years

5% as a multiplier would be 1.05

Here is what your calculation should look like:

The full answer would be:

11402.26239

The rounded final answer is $11402.26

Hope This Helps You!

Good Luck :)

Have A Great Day ^_^

- Hannah ❤

step-by-step explanation: