How to calculate An investment of $500,000.00 for 5 years at the rate of 6 percent quarterly?

Since it's quarterly so every 3 months it grows by 6 percent. 5 years = 60 months = 20 quarters.
Solution:
20 x 0.06 x $500,000 = $600,000

Expert answered|spyderman|Points 649|

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Asked 4/1/2012 11:51:42 AM

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$500,000. at 6% compound interest for 5 years what would be the interest?

Weegy: Do you have a question for Weegy? User: If you have $500,000.00 at 6% compound interest for 5 years what would be the interest? Weegy: $15,000 over 5 years would be the interest earned. (More)

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Asked 3/31/2012 3:40:05 PM

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