Posted by christopher on .
Find total amount in the compound intrest account.
$2000 is compounded quarterly at a rate of 8% for 6 years. (Round to nearest Hundereths as needed)

Math 
Reiny,
amount = 2000(1.02)^24
= ... 
Math 
christopher,
so 48960?

Math 
Reiny,
How did you possibly get that ???
amount = 2000(1.02)^24
= 2000(1.608437)
= 3216.87