Answer:
$10,625.99
Step-by-step explanation:
The future value formula is useful for this.
FV = P(1 +r/n)^(nt)
where interest at rate r is compounded n times per year for t years. P represents the principal invested.
FV = $10,000(1 +.03/4)^(4·2) = $10000(1.0075^8) ≈ $10,625.99
The accumulated value will be $10,625.99.
