Tuesday

October 21, 2014

October 21, 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

**Answer this Question**

**Related Questions**

PreCalc - Which investment option will pay the most interest? A. 12.6% ...

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

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

math - find the accumulated value of an investment of $10000 for 5 years at an ...

math - Jim wants to deposit money in an account to save for a new stereo system ...

Math - If a community clinic invested $3,000 in excess cash today, what would be...

math help plz! - When Cody's son was born, he put $4,500 in an investment that ...

Math! plz help! - When Cody's son was born, he put $4,500 in an investment that ...

Finite Math - Find the effective rate of interest corresponding to a nominal ...

Finances and Math - Can someone please help me solve these problems or help me ...