SOLUTION: $860 at5.5% compounded quarterly for 6 years.

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Question 922512: $860 at5.5% compounded quarterly for 6 years.
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
In General A%28t%29+=+P%281%2Br%2Fn%29%5E%28nt%29
A = Accumulated Amount
P= principal = $860
r= annual rate = .055
n= periods per year = 4
t= years = 6
A%28t%29+=+860%281%2B.055%2F4%29%5E%284%2A6%29
A%28t%29+=+860%281.01375%29%5E%2824%29