Business and finance help needed to calculate the compound $1,000 at 18% interest for 18 years, annually, then semi-annually

Business & Finance
Tutor: None Selected Time limit: 1 Day

$1,000 with an 18% interest rate, compounded annually, and semi-annually for a period of 18 years.

Nov 3rd, 2015

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compound annually

1000*(1.18)^18 = 19673.25

compound semiannually 

1000*(1+0.18/2)^36 = 22251.23

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Nov 3rd, 2015

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