B01 Math SRIIS Noor Ab Homework: HW 4B Interesting Score: 0 of 1 pt 5 of 8 (8 complete) 4.B.63 Use the appropriate compound interest formula to compute the balance in the account after the stated period of time $16,000 is invested for 7 years with an APR of 4% and quarterly compounding. The balance in the account after 7 years is $ 21,1160.22 (Round to the nearest cent as needed.) Enter your answer in the answer box and then click Check Answer. Clear All All parts showing