Question 1135392
Suppose you have $4230 in an account that earn 6% interest compounded quarterly. How much interest will you earn in 2 years?
<pre>@IKLEYN made a mistake. 
She should have had: {{{"$4,230" *(1 + 0.06/highlight(4))^(2*4) - 4230}}} = $535.06, instead of {{{4230*(1+0.06/highlight(12))^(2*4) - 4230}}} = $172.19.