7 per cent each quarter is equivalent to 31.08% over one year. At that rate 300 dollars would be worth 393.24 dollars.
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$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
If interest is 2.75% per annum and is compounded quarterly, then aninitial investment of $2,000 will amount to $2,630.58after 10 years.
1 x (1.03)40 = 3.26
Roughly 11,669.70
You would need 9687 dollars.