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The image asks for the future value of an ordinary annuity where $4,700 is deposited each quarter for 5 years at an interest rate of 5% compounded quarterly.

To solve this, we use the formula for the future value of an ordinary annuity:

\[
FV = P \times \left( \frac{(1 + r/n)^{nt} - 1}{r/n} \right)
\]

where:
- $ P = 4700 $ (the payment amount per period)
- $ r = 0.05 $ (the annual interest rate)
- $ n = 4 $ (the number of compounding periods per year)
- $ t = 5 $ (the number of years)

Plugging in the values, we get:

\[
FV = 4700 \times \left( \frac{(1 + \frac{0.05}{4})^{4 \times 5} - 1}{\frac{0.05}{4}} \right)
\]

Let's compute this value.The future value of the ordinary annuity is approximately **$106,046.00**.

Would you like more details or have any other questions?

Here are some related questions that might interest you:
1. How would the future value change if the interest rate were different?
2. What if the payments were made monthly instead of quarterly?
3. How do we calculate the present value of an ordinary annuity?
4. What is the difference between an ordinary annuity and an annuity due?
5. How can you use this formula to calculate the annuity payments needed for a desired future value?

**Tip:** When dealing with annuities, it's important to know whether the payments are made at the beginning or the end of each period to use the correct formula.

Find the future value of an ordinary annuity of $4,700 at the end of each quarter for 5 years at an interest rate of 5% compounded quarterly.

Calculate the future value of an ordinary annuity where $4,700 is deposited quarterly for 5 years at an annual interest rate of 5%, compounded quarterly. This finance problem explores key concepts like annuities and compound interest.

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