Homework Help: Finite Math

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

Determine which is the better investment.

6.8% compounded semiannually or 6.6% compounded quarterly?

Finite Math - JJ, Monday, February 18, 2013 at 5:00pm
An 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 5:15pm
yes thanks so much :D

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