Wednesday

April 1, 2015

April 1, 2015

Posted by **April** on Friday, August 2, 2013 at 6:26pm.

a. at a 12 percent rate compounded semiannually?

B. at a 12 percent rate compounded quarterly?

- Math -
**Reiny**, Friday, August 2, 2013 at 6:40pma) amount = 3000( 1.06)^6 = ...

can you see what I did with the rate and with the time ?

b) let me know what you think about this one

- Math -
**April**, Friday, August 2, 2013 at 6:59pmstill lose or 30,000(( 1.06)^12=

- Math -
**Reiny**, Friday, August 2, 2013 at 8:04pmno,

12% compounded quarterly

means --- the rate is 3% per quarter

and in 3 years there would be 12 quarters,

amount = 3000(1 + .03)^12

= 3000(1.03)^12 = 4277.28

- Math -
**April**, Saturday, August 3, 2013 at 5:08amso how am i suppose to find the semiannually at 12

**Answer this Question**

**Related Questions**

FIN200- FV, PV and Annuity Due CP - I just want to know if anyone can help me in...

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

Math - Envision that you have served as business manager of Media World for ...

finance - Today, Mark invested $5,000 into an account that guarantees 7.50% p.a...

finance - Today, Mark invested $5,000 into an account that guarantees 7.50% p.a...

Algebra - Greta invests $10,000 in an investment that pays 3% interest, ...

Math - I really need some help with this one. Envision that you have served as ...

Business - Envision you have served as business manager for over two years. you ...

Math - Envision that you have served as business manager of Media World for over...

Math - Can someone steer me in the right direction? Here's the question. ...