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September 21, 2014

September 21, 2014

Posted by **Amanda** on Friday, November 23, 2012 at 11:34pm.

(a) 6%/year, compounded quarterly

$ ?

(b) 3%/year, compounded quarterly

$ ?

- math -
**Tiff**, Saturday, November 24, 2012 at 12:15amIts been awhile but here you go:

(a)53320

31000*.06=1860

1860*12 (12 is 3 quarter per year for 4 years)=22320

31000+22320=53320

(b)34720

31000*.03= 930

930*4=3720

31000+3720=34720

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