Posted by **Anonymous** on Tuesday, February 26, 2013 at 2:41pm.

john hunt has invested $500.00 in a savings account that pays 6% annual interest, compounded quarterly. After the second quarter of interest has been credited, what is the amount in the account?

- math -
**Steve**, Tuesday, February 26, 2013 at 2:59pm
500(1+2*.06/4) = $515.00

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