Answer:
$1,624.29
Step-by-step explanation:
The equation here is A = P + I.
A is the total, P is the principal (the amount you start out with so 1,500), and I is the interest (the quarterly interest in total is $124.29. 0.04 rate per year compounded four times per year over two years)
1,500 + 124.29 = $1,624.29
