where is the future value, is the present value or invested principal, is the decimal representation of the annualized interest rate, is the number of compounding periods per year, and is the number of years.
Plug in your values. . . and do the arithmetic:
. . . and do the arithmetic. I would get out the calculator if I were you, unless you are a serious glutton for punishment.
John
My calculator said it, I believe it, that settles it
