Friday

April 18, 2014

April 18, 2014

Posted by **Matt** on Monday, February 18, 2013 at 4:58pm.

6.8% compounded semiannually or 6.6% compounded quarterly?

- Finite Math -
**JJ**, Monday, February 18, 2013 at 5:00pmAn easy way to do this is to choose a term of 1 year and $1 amount.

You can then use the formulas.

For the first one:

P(1+r/2)^2 let P = 1 and r = .068

Do you know how to set up the second one?

- Finite Math -
**Matt**, Monday, February 18, 2013 at 5:15pmyes thanks so much :D

**Related Questions**

College Algebra - Investment A: $5,000 invested for 7 years compounded ...

Math help! - Which is the better investment over a y year term? Calculate each ...

Math - Which is the better investment over a y year term? Calculate each one. ...

math modeling - An investment is made at an annual rate of 9.71% compounded ...

math modeling - An investment is made at an annual rate of 9.71% compounded ...

Finite Math - Find (a) the final amounts and (b) the total interest earned on ...

math - Suppose that you have $12,500 to invest over a 4 year period. There are ...

Business math/Finite - How long to the nearest year, will it take an investment ...

Finite Math - What interest rate, compounded monthly, would you need to be paid ...

Finite Math - What interest rate, compounded weekly, would you need to be paid ...