Question
$500 principal earning 4% compounded quarterly, after 6 yr
Answers
Reiny
i = .04/4 = .01
n = 4(6) = 24
amount = 500(1.01)^24 = ....
n = 4(6) = 24
amount = 500(1.01)^24 = ....
Blake
The answer is
634.86732426
634.86732426