find the amount in an account after years if invested$5000 at 6% per year and is compounded quarterly​

The amount of money in the account after t years is given by:

Step-by-step explanation:

Compound interest:

The compound interest formula is given by:

Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.

Invested $5000 at 6% per year and is compounded quarterly​

This means, respectively, that

So, the amount of money in the account after t years will be given by:

you have to divide by 4