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October 24, 2014

October 24, 2014

Posted by **christopher** on Saturday, April 17, 2010 at 5:45pm.

$2000 is compounded quarterly at a rate of 8% for 6 years. (Round to nearest Hundereths as needed)

- Math -
**Reiny**, Saturday, April 17, 2010 at 8:41pmamount = 2000(1.02)^24

= ...

- Math -
**christopher**, Saturday, April 17, 2010 at 8:59pmso 48960?

- Math -
**Reiny**, Saturday, April 17, 2010 at 9:07pmHow did you possibly get that ???

amount = 2000(1.02)^24

= 2000(1.608437)

= 3216.87

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