compounded interest
posted by tom .
calculate the future value of an investment of $8,500 if it is to be invested for 9 years at an interest rate of 6.1%, compounded quarterly.

compounded interest 
Writeacher
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compounded interest 
Reiny
i = .061/4 = .01525
n= 9(4) = 36
amt = 8500(1.01525)^36 = ....
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