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