Use the compound interest formula,. If $10,000 is invested at 2 percent quarterly for 5 years, what is the amount at the end of the term?

The answer to this question is either 6.16778% or 6%

For this case we have the following equation:

P (t) = P * (1 + r / n) ^ (n * t)

Where,

P: initial investment

r: interest

n: periods

t: time

For 5 years we have:

P (5) = 10000 * (1 + 0.02 / 4) ^ (4 * 5)

P (5) = 11048.96 $

Answer:

The amount at the end of the term is:

P (5) = 11048.96 $