SOLUTION: you deposit 6800 with a money-market with annual intrest rate of 5.7%. This intrest is compounded quaterly. How much will you have after three years?

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Question 379766: you deposit 6800 with a money-market with annual intrest rate of 5.7%. This intrest is compounded quaterly. How much will you have after three years?
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
4 quarters per year, n=4%2A3=12
i=5.7%2F4=1.425
F=P%281%2Bi%29%5En
F=6800%281%2B0.01425%29%5E12
F=6800%281.185060%29
highlight%28F=8058.41%29