Tina invests $3,700 into an account with a 4.4% interest that is compounded quarterly. How much money will she have in this account if she keeps it for 8 years?
Round your answer to the nearest cent.
DO NOT round until you have calculated the final answer.

5250.96

Step-by-step explanation:

The 4.4% interest rate compounded quarterly means that you get 4.4%/4 four times a year.  Over 8 years, that is 32 times.  Since we use decimals, not percentages, we get

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