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Finite Math

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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

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