Question 543692
For example: If you have $1500 earning 4.3% interest compounded quarterly, how much money will be there in 7 years?
---------
7 years = 28 quarters
Interest rate = 4.3%/4 per quarter = 0.01075 per quarter
--------
{{{FV = 1500*(1 + 0.01075)^28}}}
=~ $2023.56