Posted by Kat on Tuesday, September 6, 2011 at 11:01pm.
you invest $10,000 in a savings account that pays 6.6%, compounded quarterly for 15 years. How much money is in the account in 15 years?

math  Creative Teacher, Wednesday, September 7, 2011 at 10:11am
These should be your figures.
Investment $10,000
Interest rate before compounding 6.6%
Investment period 15 years.
15 yr.
daily 6.822% value $26,909.94
weekly 6.818% 26,895.46
monthly 6.808% 26,839.44
quarterly 6.765% 26,695.80
semiann 6.709% 26,485.59
annual 6.600% 26,083.03
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