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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