Asked by Anonymous

What would be the amount of compound interest on $8,000 invested for one year at 6%, compounded quarterly? Round your answer to the nearest dollar.

15 years ago

Answered by Anonymous

6%/4 = x%
$8,000./x%

15 years ago

Answered by Reiny

Amount = 8000(1 + .06/4)^4
= 8490.91

15 years ago

Answered by joel

y=3x-3.5

15 years ago

Answered by Monica

$491.00

12 years ago

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