SOLUTION: Find the compound interest: Principal $2,100; Rate 16%; Compounded Quarterly; Time 5.5 years.

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Question 813903: Find the compound interest: Principal $2,100; Rate 16%; Compounded Quarterly; Time 5.5 years.
Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
 
Hi,
In General
A = Accumulated Amount
P= principal = 2100
r= annual rate = .16
n= periods per year = 4
t= years = 5.5

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