Question 1102728
The formula for computing compound interest is:
A = P(1 + r/n)^(rt), where A = the accumulated amount, P = the initial principal, r = the annual rate, 
n = the number of times the interest is compounded per year, and t = the number of years.
In all cases P = 1000
A) In this case, r = 0.06, n = 4, and t = 5
Putting in the numbers, we get A = $1346.86
B) r = 0.04, n = 12, t = 3 -> A = $1127.27
C) For continuous compounding, the formula is A = P*e^(rt)
This gives A = 1000*e^(0.05*6) = $1349.86