Posted by Dakota on Thursday, April 11, 2013 at 7:35pm.
You deposit $6,700 in a moneymarket account that pays and annual interest rate of 3.3%. The interest is compounded quarterly. How much money will you have after 4 years

Math  Reiny, Thursday, April 11, 2013 at 7:58pm
i = .033/4 = .00825
n = 4(4) = 16
amount = 6700(1.00825)^16 = $7641.29