Question: Question # 2: Five thousand dollars is deposited into an account that pays interest quarterly and is allowed to remain in the account for eight

$Question \# 2: Five thousand dollars is deposited into an account$

Question \# 2: Five thousand dollars is deposited into an account that pays interest quarterly and is allowed to remain in the account for eight years. If the annual rate of interest is 4%, what is the balance at the end of 8 years? SOLVE THIS PROBLEM WITHOUT USING THE COMPOUND INTEREST TABLES. PLEASE SHOW YOUR WORK

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