Post a New Question

Contemporary math

posted by .

Using the Compound Interest Table, calculate the compound amount after 5 years for an investment of $7,700 at 6% interest compounded quarterly. My answer is $10,370.82 is this correct?

  • Contemporary math -

    7700(1+.06/4)^(4*5) = 10,370.78

    Looks good to me.

  • Contemporary math -

    Compound amount after 5 years for an investment of $7,700 at 6% interest compounded quarterly? What is the amount of compound interest for the invesment

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question