Question 347167
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*[tex \LARGE \ \ \ \ \ \ \ \ \ \ A\ =\ P_o\left(1\ +\ r\right)^n]


where *[tex \Large r] is the interest rate per compounding period and *[tex \Large n] is the number of compounding periods.


For your situation:


*[tex \LARGE \ \ \ \ \ \ \ \ \ \ A\ =\ 2000\left(1\ +\ .06\right)^6]


is the amount you have at the time the certificate matures at the end of 6 years.  What happens between then and the end of 10 years is difficult to say.  By the way, you get to do your own arithmetic.


John
*[tex \LARGE e^{i\pi} + 1 = 0]
My calculator said it, I believe it, that settles it
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