Post a New Question

Finite Math

posted by on .

Determine which is the better investment.

6.8% compounded semiannually or 6.6% compounded quarterly?

  • Finite Math - ,

    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 - ,

    yes thanks so much :D

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions

Post a New Question