Tuesday

October 21, 2014

October 21, 2014

Posted by **Amanda** on Monday, November 26, 2012 at 1:05pm.

(a) 6%/year, compounded quarterly

$ ?

(b) 3%/year, compounded quarterly

$ ?

- math -
**Reiny**, Monday, November 26, 2012 at 1:18pma) i = .06/4 = .015

n = 4(4) = 16

PV = 31000(1.015)^-16

= 24428.96

b) try it using the same steps as above

let me know what you get

**Answer this Question**

**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...