Find the amount that results from the given investment. $300 invested at 7% compounded quarterly after a period of 4 years 1. after 4 years, the investment results in $ (round to the nearest cent as needed.)

The total result of the investment after 4 years is $395.98

Step-by-step explanation:

Great Question, since we are talking about compounded interest we can use the Exponential Growth Formula to calculate the total value of the investment after 4 years. The Formula is the following,

Where:

Now we can plug in the values given to us in the question and solve for the total amount (y).

... rounded to the nearest hundredth

Now we can see that the total result of the investment after 4 years is $395.98

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