Posted by david on .
Find the amount accumulated in the sinking fund if $1600 is deposited quarterly for 20 years at 6% per year. (Assume endofperiod deposits and compounding at the same intervals as deposits. Round your answer to the nearest dollar.)

MATH 
Chopsticks,
If this is compounded interest then the equation is
1600(1+.06/4)^4*20 =