What is the formula for compound intrest quarterly?

What is the formula for compound intrest quarterly?
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Amount accrued= principal(1+ annual interest/4)^(4*years)To put this into a calculator divide the annual interest by 4then add 1.Take this number to the power of 4 times the number ofyears.Lastly multiply times how much money you started with.An example:$1000 at 4% compounded quarterly for 2 years..04 divided by 4 + 1 = 1.011.01 ^(4*2)=1.0828567056$1000*1.082856=$1082.86Because it was compounded quarterly you made$2.86 more than simple interest.
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