Posted by Tim on Monday, July 1, 2013 at 10:42pm.
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  Steve, Tuesday, July 2, 2013 at 12:04am
7700(1+.06/4)^(4*5) = 10,370.78
Looks good to me.

Contemporary math  Dawn, Monday, December 16, 2013 at 2:22pm
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
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