Posted by Dave on .
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,
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,
rate is .054 /4
number of periods = 4*8 = 32 
MATH HELP 
Dave,
I did that and it said it was wrong I need the amount after 8 years how do I do that

MATH HELP 
Damon,
.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