Answer:
$10,306.21
Step-by-step explanation:
Lets use the compound interest formula provided to solve this:

<em>P = initial balance</em>
<em>r = interest rate (decimal)</em>
<em>n = number of times compounded annually</em>
<em>t = time</em>
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First, lets change 5.2% into a decimal:
5.2% ->
-> 0.052
Since the interest is compounded quarterly, we will use 4 for n. Lets plug in the values now:


The account balance will be $10,306.21