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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