9514 1404 393
Answer:
$45,395.39
Explanation:
The formula for an amount earning compound interest is ...
A = P(1 +r/n)^(nt)
where principal P is invested at annual rate r compounded n times per year for t years.
Using the given numbers, we have ...
A = $10,000(1 +0.038/4)^(4·40) ≈ $45,395.39
The charity will receive $45,395.39.