Posted by MaryJo on Tuesday, December 18, 2012 at 8:00pm.
I need to determine the amount of an investment if $1000 is invested at an interest rate of 8% compounded quarterly for 2 years.  Not quite sure how to go about this and would appreciate help. Thank you in advance.

Math, please!  Reiny, Tuesday, December 18, 2012 at 8:08pm
8% compounded quarterly > quarterly rate of 2% or .02
number of quarters in 2 years = 8
amount = 1000(1.02)^8 = $ 1171.66

Math, please!  MaryJo, Tuesday, December 18, 2012 at 8:11pm
Smacking my forehead!!! ~ Thank you, Reiny, so much for your help!! ~ Two more days and finals will be behind me and i can move on! :)
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