SOLUTION: John invested $20,000 in a 14 percent annual interest yielding project. Deduce the compound amount of the project after 6 years if interest is compounded quarterly, weekly, monthly

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Question 1085804: John invested $20,000 in a 14 percent annual interest yielding project. Deduce the compound amount of the project after 6 years if interest is compounded quarterly, weekly, monthly, thirdly and daily.
Answer by addingup(3677) About Me  (Show Source):
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Quarterly (every three months)
20,000(1+(0.14/4)^(6*4) = 45,666
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Weekly
20,000(1+(0.14/52)^(6*52) use your calculator
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Monthly
20,000(1+(0.14/12)^(6*12) use your calculator
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Thirdly (every four months)
20,000(1+(0.14/3)^(6*3) use your calculator
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Daily (using 365 days)
20,000(1+(0.14/365)^(6*365) use your calculator