Dave deposits $400.00 each month into an annuity with a 3.25% interest rate compounded quarterly. What is the account balance after 10 years?

A = $552.89

Step-by-step explanation:

Use the compound amount formula A = P(1 + r/n)^(nt).  n represents the number of times the interest is compounded per year and r is the interest rate as a decimal fraction.

Here,

A = $400(1 + 0.0325/4)^(4*10)

   = $400(1.3822)

A = $552.89

4th option is correct xy=-10

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