Answer:
$3982.92
Step-by-step explanation:
Quarterly compounded interest formula: A = P(1 + r/n)^nt
Step 1: Plug in known variables
A = 3500(1 + 0.0216/4)^24
Step 2: Solve
When you plug this into your calc, you should get 3982.92 as your final answer.
