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Mathematics 8 Online
OpenStudy (anonymous):

$562 at 5.5% compounded quarterly for 6 years ?

Directrix (directrix):

@crystalp12 The formula is attached.

Directrix (directrix):

And, an example problem with solution.

Directrix (directrix):

For your problem, the equation becomes: Amount = 562(1 + (.055/4))^24

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