Homework Help: compounded interest

Posted by tom on Saturday, November 13, 2010 at 10:24am.

calculate the future value of an investment of $8,500 if it is to be invested for 9 years at an interest rate of 6.1%, compounded quarterly.

compounded interest - Writeacher, Saturday, November 13, 2010 at 10:26am
http://www.google.com/search?sourceid=chrome&ie=UTF-8&q=calculate+compound+interest
compounded interest - Reiny, Saturday, November 13, 2010 at 11:08am
i = .061/4 = .01525
n= 9(4) = 36

amt = 8500(1.01525)^36 = ....

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