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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?
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