Find the amount after one year on $1000 invested at 6% per year if interest is....?

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03-11-2008, 06:18 PM

Amy

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Find the amount after one year on $1000 invested at 6% per year if interest is....?

A.)Simple interest?

B.)Compound Interest Compounded Quarterly?

I figured A.) to be $60=$1060 total earned....am I right?I don't know how to figure the compound interest quarterly please help

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