Suppose that when your friend was born, your friend’s parents deposited $2000 in an account paying 4.5% interest compounded quarterly. What will the account balance be after 18 years?​

The account balance will be $4475.53 after 18 years.

Step-by-step explanation

Since the inital deposite is $2000, we have 2000 before the parenthases. Then we have 1+ because your friend's parents are Paying interest, which is adding. then we have to convert 4.5% by moving the decimal point over 2 places to the left and adding in zeros. So, 4.5% is now 0.045. then we divide 0.045 by 4 because they are paying quarterly. Finnally we have (4)(18) as an exponent because they are paying 4.5% interest quarterly through 18 years.

So we have

= 4475.53

3, 12, 48, 384, 1536, 6144, 24576, 98304

step-by-step explanation:

just keep timing it by 4.