Answer:
$7650.44
Explanation:
Annual interest rate = 4.02%
but compound 4 times per year, means quarterly compound
quarterly interest rate = 4.02%/4 = 1.005%
Account balance = 4734 * (1.01005)^48 [compound 4 times a year for 12 years]
= 4734 * 1.616
= 7650.44