The basic equation for calculating compound intrest is a = p(1 + r/n)^(nt). if $2,200 is invested at the intrest rate of 5% per year, compound quarterly, how much will the investment be worth at the end of 8 years? show your work.

You would have $3,273.89 with an initial investment of $2,200 and 5% interest compounded quarterly.

A=P(1 + r/n)^(nt) =  A=2200(1+0.05/4)^(4(8))= $3,273.89

V = the future value of the investment
P = the principal investment amount
r = the annual interest rate
n = the number of times that interest is compounded per year
t = the number of years the money is invested for

Where’s the following prism