SOLUTION: How much interest will be earned on a $2000 investment at 5.9% compounded quarterly for 6 years

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: How much interest will be earned on a $2000 investment at 5.9% compounded quarterly for 6 years      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 755853: How much interest will be earned on a $2000 investment at 5.9% compounded quarterly for 6 years
Answer by reviewermath(1029) About Me  (Show Source):
You can put this solution on YOUR website!
Q:
How much interest will be earned on a $2000 investment at 5.9% compounded quarterly for 6 years
------------------------------------------------------------------
A:
Interest = 2000%281+%2B+0.059%2F4%29%5E%284%2A6%29+-+2000 = $highlight%28842.15%29.