Answer:
$722444.49386776
Explanation:
Use Compound Intrest Formula
![a = p(1 + (r)/(n) ) {}^(nt)](https://img.qammunity.org/qa-images/2022/formulas/mathematics/college/4xonn768xtmjybnhfgizo2.png)
- where p is the original amount.
- R is the amount of percentage compounded
- N is amount of times compounded per year.
- T is how long the interest last.
P is 400,00p
T is 12% or 0.12
N is 4 since it is compounded quarterly
T is 5.
Plug the values in
![400000(1 + (0.12)/(4) ) {}^(20)](https://img.qammunity.org/qa-images/2022/formulas/mathematics/college/3jqsd7vy5z24b84umn2ksk.png)
Ypu get
$722444.49386776