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