Posted by MaryJo on Tuesday, December 18, 2012 at 8:00pm.
8% compounded quarterly ---> quarterly rate of 2% or .02
number of quarters in 2 years = 8
amount = 1000(1.02)^8 = $ 1171.66
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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