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Quarterly Compound Interest?


I plan to invest 1800.00 over a period of 30 months at a 5 1/4 interst rate compounded quarterly. I am having trouble getting my investment total at the end of 30 months, so I must be calculating something wrong.

I assume the interest rate is annual. If this is the case, at the end of month 30 you will have

1800 ( 1 + (0.0525/4) ) ^ 10

Hope this helps.

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