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April 19, 2014

April 19, 2014

Posted by **kenny** on Wednesday, February 6, 2013 at 12:23pm.

- math -
**Damon**, Wednesday, February 6, 2013 at 12:28pmhow many quarter years in 4 years

4*4 = 16 quarters

quarterly interest rate = .033/4 = .00825

so every quarter we multiply what we have by 1.00825

16 times we do that so

1.00825^16 = 1.140490549

now multiply that by the starting amount 6700

= $7,641.29

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