document.write( "Question 1074810: compute the value for the given investments using the different types of compounding. Present value is $8000. Annual interest rate is 4.5% for 3 years. Please compound semi annually, Quarterly, Monthy, and Daily. \n" ); document.write( "
Algebra.Com's Answer #689469 by Boreal(15235) You can put this solution on YOUR website! semiannual is (1+0.045/2)^6*8000=$9142.60, round at end. \n" ); document.write( "quarterly is (1+(.045/4))^12=$9149.40 \n" ); document.write( "monthly is (1+(.045/12))^36=$9153.98 \n" ); document.write( "daily is (1+(.045/365))^1095=$9156.22 \n" ); document.write( " |