Wednesday

July 30, 2014

July 30, 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

**Related Questions**

math - Find the present value of $31,000 due in 4 yr at the given rate of ...

math - Find the present value of $31,000 due in 4 yr at the given rate of ...

finite math - Find the present value of an ordinary annuity of $600 payments ...

algebra - Find the accumulated value of an investment of $10,000 for 3 years at ...

Math - Find the effective rate corresponding to the given nominal rate. (Round ...

Math - Find the effective rate corresponding to the given nominal rate. (Round ...

Math - Compound - If a bank offers interest at a nominal rate of 6%, how much ...

finances - Calculate the future value of the following: o $5,000 compounded ...

Calc - Find the present value of $14000 due in 9 years at the given rate of ...

math help plz! - Calculate teh future value of quarterly payments of $1200 for 5...