What is the answer to this need it quickly! Please

Question

Milan deposited $4000 into an account with 5% interest, compounded quarterly. Assuming that no withdrawals are made, how much will he have in the account after years? Do not round any intermediate computations, and round your answer to the nearest cent.

Answer 1

A=P(1+r/n)^nt

P=4000, r= .05, n=4

A = 4000(1+.05/4)^4t

= 4000(1.0125)^t

need a value for t= years to solve for A=Future Value of $4,000 at 5% compounded quarterly

n= number of compounding periods per year = 4 for quarterly compounding

r = interest rate = 5% = .05

P = beginning amount or Principal

A = ending Amount or Future Value