Joanne invested $5,000 into an account paying an annual inte…
Joanne invested $5,000 into an account paying an annual interest rate of 4% compounded quarterly. Using the compound interest formula F=P(1+rn)nt{“version”:”1.1″,”math”:”F=P(1+\frac{r}{n})^{nt}”}, calculate the approximate value of her investment after 10 years. Round your answer to the nearest whole dollar amount.