Michelle M.

asked • 01/09/14# using the compound interest table, calculate the compound amount after 5 years for an investment of $7,700 at 6% interest compounded quarterly

## 7 Answers By Expert Tutors

Arthur D. answered • 01/10/14

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Steve S. answered • 01/10/14

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Parviz F. answered • 01/09/14

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Tom D. answered • 01/09/14

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Christopher D. answered • 01/09/14

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^{nT}

^{4×5}=10,370.78355

Ebenezer O. answered • 01/09/14

Aerospace Engr & Air Traffic Control Grad For General Ed. Tutoring

^{n}

M is the final amount including the principal.

P is the principal amount.

i is the rate of interest per year.

n is the number of years invested.

Applying the Formula

M = 7700( 1 + 0.06 )

^{5}

^{5}

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Steve S.

01/10/14