# 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

## Similar Questions

calculate the compound amount after 5 years for an investment of \$7,700 at 6% interest compounded quarterly.

To determine the compound amount of an investment of \$10,000 with an interest rate of 6% compounded monthly after 4 years requires you to use a table factor that goes beyond the Compound Interest Table. Calculate the new table factor …
3. ### math

To determine the compound amount of an investment of \$10,000 with an interest rate of 6% compounded monthly after 4 years requires you to use a table factor that goes beyond the Compound Interest Table. Calculate the new table factor …
4. ### math compound interestt

calcualte the compound amount afterr 5 years for an investment of \$7,700 at 6% interest compounded quarterly
5. ### math

calculate the compound amount after 5 years for an investment of \$7,700 at 6% interest compounded quarterly
6. ### math

To determine the compound amount of an investment of \$10,000 with an interest rate of 6% compounded monthly after 4 years requires you to use a table factor that goes beyond the Compound Interest Table. Calculate the new table factor …
7. ### contemporary math

To determine the compound amount of an investment of \$10,000 with an interest rate of 6% compounded monthly after 4 years requires you to use a table factor that goes beyond the Compound Interest Table. Calculate the new table factor …