Can you help me?

Question

The Abrams Family invests $3,000 into an account that earns 2.5% annual interest. They deposit an additional $950 each quarter. How much will be in the account after 3 years?

Answer 1

A = p(1 + r/n)^nt + m[(1 + r/n)^nt - 1] / i

 

A = 3000(1 + 0.025/4)⁴⁽³⁾ + 950[1+ 0.025/4)⁴⁽³⁾ - 1] / 0.025

 

You can calculate.