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Semi quarterly is how many months?
Semi refers to occurring two times in a given period Quarterly is 3 months Semi quarterly is 2 times in 3 months, or 8 times a year
What mean compounded quarterly?
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Determine the future value of an annuity into which quarterly deposits of 450 are made for 9 years if the annuity pays 10 percent compounded quarterly?
138645
R equals 4600 8.73 percent interest compound quarterly for 9 year?
R equals 4600, 8.73 percent interest compound quarterly for 9 years?
1400 for 6 years at 16 percent compounded quarterly?
1400*(1.16)4*6 = 1400*1.1624 = 49330.98 (approx). Are you sure it is 16% quarterly? That is 81% annually!
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