Answer:
A = $6,499.77
Step-by-step explanation:
First, convert R as a percent to r as a decimal
r = R/100
r = 3.2/100
r = 0.032 rate per year,
Then solve the equation for A
A = P(1 + r/n)nt
A = 5,200.00(1 + 0.032/4)(4)(7)
A = 5,200.00(1 + 0.008)(28)
A = $6,499.77
