Paige invested 1200 at an interest rate of 5.75% compounded quarterly. Determine the value of her investments in 7 years.

Use the formula A=p (1+r) ^n

where

A = value of investment

r = rate

n = time period

p = amount invested

in this question

r = 5.75% but compounded quarterly means divide this by 4

r = 23/1600

n=7*4

n=28

p = $1200

A=1200 (1+23/1600) ^28

A = $1789.54

Therefore the value of her investment in 7 years is $1789.54