Compounded Interest-any shorcuts? : GMAT Problem Solving (PS)
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# Compounded Interest-any shorcuts?

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Manager
Joined: 16 May 2011
Posts: 204
Concentration: Finance, Real Estate
GMAT Date: 12-27-2011
WE: Law (Law)
Followers: 1

Kudos [?]: 76 [0], given: 37

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26 Jun 2011, 06:21
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let's say an amount of 1500$is deposited at annual interest of 4.3% compounded quarterly. what's the balance after 6 years: 1500(1+0.043/4)^4*6- how do i calculate 1.1075^24? attached Doc in regards to CI (i believe there are no Copy .R) Attachments CI_and_meanmedian.doc [170 KiB] Downloaded 118 times  To download please login or register as a user Current Student Joined: 08 Jan 2009 Posts: 326 GMAT 1: 770 Q50 V46 Followers: 25 Kudos [?]: 137 [0], given: 7 Re: Compounded Interest-any shorcuts? [#permalink] ### Show Tags 28 Jun 2011, 00:32 I don't think there is a shortcut, except for general estimation. Doesn't seem very GMATish... Re: Compounded Interest-any shorcuts? [#permalink] 28 Jun 2011, 00:32 Similar topics Replies Last post Similar Topics: 3 The difference in compound interest earned on a deposit (compounded an 2 08 Dec 2014, 03:32 5 If money is invested at r percent interest, compounded annua 10 27 Jan 2013, 22:46 27 If money is invested at r percent interest, compounded annua 9 17 Dec 2012, 05:46 7 A total of 1000$ was invested at compounded annual interest rate. At 6 26 Aug 2011, 22:49
31 If money is invested at r percent interest compounded annual 16 04 Nov 2010, 03:53
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