SOLUTION: $1800 is invested at 6% per year compounded quarterly. The amount obtained after 2 years is A) 222.72.46 B) $1910.45 C) $2027.69 D) 2868.93 Please show how you got it I don't

Question 493083: $1800 is invested at 6% per year compounded quarterly. The amount obtained after 2 years is
A) 222.72.46
B) $1910.45
C) $2027.69
D) 2868.93
Please show how you got it I don't understand what "compounded quarterly" means and also explain what "Semi-annually" is :s
Answer by Gogonati(855) (Show Source): You can put this solution on YOUR website!
, substituting we get:

A(t)=$2027.69
The correct answer is C.
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