# I need help with a business and finance question

Anonymous
account_balance_wallet \$5

### Question Description

\$1,000 compounded annually, semi-annually, and then quarterly for 18 years at an 8% interest rate

Akib3210
School: Duke University

If compounded annually then amount = 1000 (1+8/100)^18 = 1000×(26/25)^18 . If compounded semianually then amount = \$1000 (1+8/200)^36 and if compounded quarterly then amount = \$1000 (1+8/400)^72. Hope you can calculate the amounts. If not able? Let me know.

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Anonymous
Excellent job

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