Answer:
$4,738.82
Step-by-step explanation:
Using the compound interest formula expressed as;
A = P(1+r/n)^nt
P is the principal = $1800
r is the rate = 6% = 0.06
t is the total time = 18years
n is the time of compounding = 1/4 years
Substitute
A = 1800(1+0.06(4))^(18/4)
A = 1800(1+0.24)^4.5
A = 1800()1.24)^4.5
A = 1800(2.6327)
A = 4,738.82
Hence the amount in the account after 18years is $4,738.82
