Question 1113605
1000$ at 6% compounded quarterly for 6 years
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A(t) = P(1+(r/n))^(n*t)
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A(6) = 1000(1+(0.06/4))^(4*6)
A(6) = 1000(1.015)^24
A(6) = 1000*1.06136
A(6) = $1061.36
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Cheers,
Stan H.
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