How do I calculate the following problems?

Anonymous
timer Asked: Nov 4th, 2015
account_balance_wallet $5

Question Description

I need help calculating the following problems: compound annually A=1000 (1+8/100)^18=1000x(26/25)^18

Compound semi-annually A=1000(1+8/200)^36

Compound quarterly A=1000(1+8/400)^72

Tutor Answer

Lewis_M
School: UT Austin

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

compounded annually

A = 1000(1 + 8/100)^18 = 3996.019

compounded semi-annually

A = 1000(1 + 8/200)^36 = 4103.932

compounded quarterly

A = 1000(1 + 8/400)^72 = 4161.14


Please let me know if you need any clarification. I'm always happy to answer your questions.

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Review

Anonymous
Good stuff. Would use again.

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