Brendan puts $2,840.00 into an account to use for school expenses. The account earns 2% interest, compounded quarterly. How much will be in the account after 4 years?
Use the formula A=P(1+r/n)^nt, where A is the balance (final amount), P is the principal (starting amount,
is the interest rate expressed as a decimal, n is the number of times per year that the interest is
compounded, and t is the time in years.
Round your answer to the nearest cent