I need help with a business and finance question

label Business & Finance
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schedule 1 Day
account_balance_wallet $5

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

Nov 4th, 2015

Thank you for the opportunity to help you with your question!

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.


Please let me know if you need any clarification. I'm always happy to answer your questions.
Nov 4th, 2015

Having problems completing calculating the amounts

Nov 4th, 2015

Having problem calculating amounts

Nov 4th, 2015

Having problem calculating amounts

Nov 4th, 2015

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