Posted by **Tommy** on Sunday, January 27, 2013 at 8:52pm.

A $2,000 deposit at an APR of 5.4% with quarterly compounding for 8 years. The amount after 8 years ?? I need to find what the amount would be after 8 years please help

This not Dave my name is Tommy I don't even know who Dave is and I'm sorry if you think I am I don't know how to solve these . My dad would get really mad he is the president of Harvard lol so you can see I'm in a tight squeeze.

- Help on my math question -
**Damon**, Sunday, January 27, 2013 at 8:56pm
I just did this though

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

- Help on my math question -
**Damon**, Sunday, January 27, 2013 at 8:57pm
Please check the ones that are already done, whoever they are for. (at the bottom of the screen)

## Answer this Question

## Related Questions

- MATH PLESE - A $2,000 deposit at an APR of 5.4% with quarterly compounding for 8...
- MATH HELP - 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 ...
- Math - If I had a 4,0000 deposit at an apr of 5.6% with quarterly compounding, ...
- math - Suppose you start saving today for a $30,000 down payment that you plan ...
- MATH I NEED HELP - $24,000 is invested for 3 years with an APR of 2% and daily ...
- I NEED MATH HELP - $24,000 is invested for 3 years with an APR of 2% and daily ...
- Alg 2 - Suppose you deposit a principal amount of p dollars in a bank account ...
- Alg2 - Help....Help... Suppose you deposit a principal amount of p dollars in a ...
- math - A company will need 50,000 in 6 years to add a new addition. To meet this...