Posted by Dave on Sunday, January 27, 2013 at 8:12pm.
A $2,000 deposit at an APR of 5.4% with quarterly compounding for 8 years. The amount after 8 years will be??

MATH HELP  Damon, Sunday, January 27, 2013 at 8:16pm
Enough already. By now if you are paying any attention you should be able to post at least an attempt at an answer.

MATH HELP  Damon, Sunday, January 27, 2013 at 8:19pm
rate is .054 /4
number of periods = 4*8 = 32

MATH HELP  Dave, Sunday, January 27, 2013 at 8:24pm
I did that and it said it was wrong I need the amount after 8 years how do I do that

MATH HELP  Damon, Sunday, January 27, 2013 at 8:43pm
.054/4 = .0135
that is your quarterly rate so every 3 months multiply by
1.0135
1.0135^32 = 1.53589
so multiply 2,000 by that. 3071.78
Answer This Question
Related Questions
 MATH PLESE  A $2,000 deposit at an APR of 5.4% with quarterly compounding for 8...
 I don't understand how you did it help  A $4000 deposit at an APR of 5.6% with ...
 Help on my math question  A $2,000 deposit at an APR of 5.4% with quarterly ...
 Finite Math  You deposit $5,000 in an account earning 7.5% interest compounded ...
 Math  If I had a 4,0000 deposit at an apr of 5.6% with quarterly compounding, ...
 Check Answer!!  You deposit $4,600 in an account earning 2.5% interest ...
 Is My Answer Correct Tutors?  You deposit $9,000 in an account earning 5.5% ...
 math  Suppose you start saving today for a $30,000 down payment that you plan ...
 Finance  You have just placed $1,500 in a bank savings deposit and plan to hold...
 MATH I NEED HELP  $24,000 is invested for 3 years with an APR of 2% and daily ...
More Related Questions