Question 710864
You need to know the "Time Value of Money" equation to do this.
{{{FV=PV(1+i)^n}}}
Where:
FV=Future Value
PV=Present Value
i=interest rate
n=number of compounding periods
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For your problem, you did not indicate at what time you wanted to know how much money you have, so I can't solve it. But to set it up, the equation is:
{{{FV=1400(1+0.06)^n}}}
With this equation, you can figure out the future value for n compounding periods.
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Good Luck,
tutor_paul@yahoo.com