Suppose you deposited $1200 in an account paying a compound interest rate of 6.25% quarterly, what w

Discussion in 'Calculator Requests' started by math_celebrity, Jun 21, 2019.

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  1. math_celebrity

    math_celebrity Administrator Staff Member

    Suppose you deposited $1200 in an account paying a compound interest rate of 6.25% quarterly, what would the account balance be after 10 years?

    Using our compound interest with balance calculator, we get:
    $2,231.09
     
    math_celebrity, Jun 21, 2019
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