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Compounded Interest-any shorcuts?

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Joined: 16 May 2011
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Compounded Interest-any shorcuts? [#permalink] New post 26 Jun 2011, 07:21
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let's say an amount of 1500$ is deposited at annual interest of 4.3% compounded quarterly.
what's the balance after 6 years:

1500(1+0.043/4)^4*6-

how do i calculate 1.1075^24?

attached Doc in regards to CI
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Schools: HBS '15 (WL), Stanford '15 (M)
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Re: Compounded Interest-any shorcuts? [#permalink] New post 28 Jun 2011, 01:32
I don't think there is a shortcut, except for general estimation. Doesn't seem very GMATish...
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Re: Compounded Interest-any shorcuts?   [#permalink] 28 Jun 2011, 01:32
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