document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=424347>Question 424347</A>: <I><SPAN STYLE=\"word-break: break-all;\"> what is the APY of this investment, 3000 invested at 6% intrest compounded quarterly?<BR>\n" );
document.write( "What will the investment be worth after 6 years? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #295856 by </B><A HREF=/tutors/aboutme.mpl?userid=rfer><B>rfer(16322)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rfer><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=295856\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A=3000(1+0.06/4)^4*6<BR>\n" );
document.write( "A=3000(1.015)^24<BR>\n" );
document.write( "A=3000*1.4295<BR>\n" );
document.write( "A=$4,288.50 </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );