Question 606626
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Hi,
Calculate the amount of money in the savings account at the end of six months.
  The principal is $100, the rate is 10% and the interest is compounded quarterly.
Note:  In General: {{{A = P(1+r/m)^mt}}}
A = Accumulated Amount 
P= principal = $100
r= annual rate = .10
m= periods per year = 4
t= years = .5
{{{A = $100(1+.10/4)^2}}}
{{{A = $100(1.025)^2}}}
A= $105.06