<PRE><B>Question 1133332</B>
The compound interest formula is
:
A = P * (1 +r/n)^(t*n), where P is the principle to be invested, r is the rate, n is the number of times the interest is compounded per year, t is time in years and A is the amount after the time plus interest
:
A = 4000 * (1 +0.09/4)^(6*4) = 6823.0663 is approximately 6823.07
:
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The investment is worth $6823.06 after 6 years
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:
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