Wednesday

April 23, 2014

April 23, 2014

Posted by **Kim** on Wednesday, December 3, 2008 at 10:28pm.

o $5,000 compounded annually at 6% for 5 years

o $5,000 compounded semiannually at 6% for 5 years

o $5,000 compounded quarterly at 6% for 5 years

o $5,000 compounded annually at 6% for 6 years

• Answer the following: What conclusions can be drawn about the frequency of compounding interest? What conclusions can be drawn about the length of time an amount is compounding?

•

Please help, as I'm at a loss here.

Thanks for your help

- Accounting -
**drwls**, Thursday, December 4, 2008 at 7:22amThe first answer is 5000*(1.06)^5

The second answer is 5000(1.03)^10

The third answer is 5000*(1.015)^20

The fourth answer is 5000*(1.06)^6

Do the numbers and draw your own conclusions.

- Accounting -
**Virginia**, Friday, March 26, 2010 at 11:16pm$5,000 compounded semiannually at 6% for 5 years

- Accounting -
**Anonymous**, Sunday, December 8, 2013 at 7:19pmCompute the amount that a $15,000 investment today would accumulate at 9% (compound interest) by the en of 6 years.

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