"8% compounded quarterly" means 2% paid 4 times per year. 20 years = 80 payments of 2% (100) x (1.02)80 = (100) x (4.87544) = $487.54 (rounded)
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R equals 4600, 8.73 percent interest compound quarterly for 9 years?
138645
1400*(1.16)4*6 = 1400*1.1624 = 49330.98 (approx). Are you sure it is 16% quarterly? That is 81% annually!
If interest is 2.75% per annum and is compounded quarterly, then aninitial investment of $2,000 will amount to $2,630.58after 10 years.
It is 5000*(1.06)4*11/2 = 5000*1.0622 = 5000*3.064 approx = 18017.69 You realise, of course, that 6 percent quarterly is equivalent to over 26% per year!