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March 29, 2017

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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 - ,

    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 - ,

    still lose or 30,000(( 1.06)^12=

  • Math - ,

    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 - ,

    so how am i suppose to find the semiannually at 12

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