<PRE><B>Question 543690</B>
If you have $1500 earning 4.3% interest compounded quarterly, how much money will be there in 7 years? 

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A(t) = P(1+(r/n))^(nt)
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Note: n*t is the number of times you are going to compound the money.
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Your Problem:
A(17) = 1500(1+(0.043/12))^(12*17) 
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A(17) = 1500(1.00358)^(204)
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Note: 0.00358 is the interest rate per month.
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A(17) = 1500*2.0730
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A(17) = $3109.56
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Cheers,
Stan H.
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