Answer:
7396.29 dollars
Step-by-step explanation:
compound quarterly means 4 times a year
% annually means the rate is divided by 4(year has 4 quarter
formula to find the compound interest:
A=P(1+r)^t , where t is the time
A=P(1+0.05/4)^4
A=4500(1+0.05/4)^40=7396.29
