SOLUTION: Suppose you have $4230 in an account that earn 6% interest compounded quarterly. How much interest will you earn in 2 years?

Question 1135392: Suppose you have $4230 in an account that earn 6% interest compounded quarterly. How much interest will you earn in 2 years?
Found 2 solutions by ikleyn, MathTherapy:
Answer by ikleyn(52776) (Show Source): You can put this solution on YOUR website!
.

Yes, agree, there was a mistake in my calc.

Thanks to @MathTherapy for noticing it.

I deleted my calc.

Answer by MathTherapy(10551) (Show Source): You can put this solution on YOUR website!
Suppose you have $4230 in an account that earn 6% interest compounded quarterly. How much interest will you earn in 2 years?

@IKLEYN made a mistake.
She should have had: = $535.06, instead of = $172.19.
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