SOLUTION: what is the APY of this investment, 3000 invested at 6% intrest compounded quarterly? What will the investment be worth after 6 years?

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Question 424347: what is the APY of this investment, 3000 invested at 6% intrest compounded quarterly?
What will the investment be worth after 6 years?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=3000(1+0.06/4)^4*6
A=3000(1.015)^24
A=3000*1.4295
A=$4,288.50