Answer:

35598334.76699

Step-by-step explanation:

The formula for compound interest

P (1 + r/n)^(nt)

substitutle the Ff. where P is the initial principal balance, r is the interest rate, n is the number of times interest is compounded per time period and t is the number of time periods.

P= 105,000

R=2.5%

N=4

T= 3 years

105000(1+2.5/4)^(4)(3)

=105000(1+0.625)^(4)(3)

=105000(1.625^((4)(3))

=105000(1.625^(12))

=(105000)(339.03176)

=35598334.76699