How much money is in an account that earns 6% compounded quarterly if $10,000.00 is initially deposited and there are no withdrawals or additional deposits for 10 yr?

Answer 1

Future value = 10,000*[1 + (i/n)]^n*y

= 10,000*[1 + (0.06/4)]^4*10

= $18,140.18