Need math help to Find the accumulated amount A #4

Mathematics
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Find the accumulated amount A if the principal P = $11,000 is invested at the interest rate of r = 5% per year for t = 5.5 years, compounded quarterly.
A.
B.
C.
D.
Nov 9th, 2015

Thank you for the opportunity to help you with your question!

the quarter interest rate is 5%/4 = 1.25%, and there are 4*5.5=22 quarter in 5.5 year, therefore the amount is 

11000*(1+0.0125)^22   = 14457.17

Please let me know if you need any clarification. I'm always happy to answer your questions.
Nov 9th, 2015

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