Asked by Tim

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?
Answered by Steve
7700(1+.06/4)^(4*5) = 10,370.78

Looks good to me.
Answered by Dawn
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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