Question

For retirement, linda invested $4,000 in an account that pays 7% annual interest, compounded quarterly. find the value of his investment after 10 years. $3,959.16 $7,959.16 $8,006.40 $4,006.40

Answer 1

Total = 4000  * (1 + .07 / 4)^4*10
Total = 4000 * 2.0015973432
Total = 8,006.39
Here's a compound interest calculator:
http://www.1728.org/compint.htm