You invest $15,000 in a savings account with an annual interest rate of 2.5% in
which the interest is compounded quarterly. how much money should you expect to
have in the account after 5 years? show your work to receive full credit!

Step-by-step explanation:

we know that    

The compound interest formula is equal to  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

substitute in the formula above

send it over

step-by-step explanation: