answersLogoWhite

0

1400*(1.16)4*6 = 1400*1.1624 = 49330.98 (approx).

Are you sure it is 16% quarterly? That is 81% annually!

User Avatar

Wiki User

12y ago

Still curious? Ask our experts.

Chat with our AI personalities

ReneRene
Change my mind. I dare you.
Chat with Rene
DevinDevin
I've poured enough drinks to know that people don't always want advice—they just want to talk.
Chat with Devin
MaxineMaxine
I respect you enough to keep it real.
Chat with Maxine

Add your answer:

Earn +20 pts
Q: 1400 for 6 years at 16 percent compounded quarterly?
Write your answer...
Submit
Still have questions?
magnify glass
imp