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

If a community clinic invested $3,000 in excess cash today, what would be the value of its investment at the end of three years:

a. at a 12 percent rate compounded semiannually?

B. at a 12 percent rate compounded quarterly?

- Math -
**Reiny**, Friday, August 2, 2013 at 6:40pm
a) 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 6:59pm
still lose or 30,000(( 1.06)^12=

- Math -
**Reiny**, Friday, August 2, 2013 at 8:04pm
no,

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 5:08am
so how am i suppose to find the semiannually at 12

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