The principal represents an amount of money deposited in a savings account subject to compound interest of a given rate. How much money there will be in the account after the given number of years. The principal is$5000, 5% Rate, quarterlybover a two year period.

$5522.43

Step-by-step explanation:

The amount in an account for a principal P saved at compound interest for a duration of n years compounded with period k at an annual interest rate of r% is calculated using the formula:

In this case:

Therefore, the amount is:

The amount of money in the account at the end of the two years is $5522.43.

answer: 0.64

step-by-step explanation: