### Home > A2C > Chapter 6 > Lesson 6.1.2 > Problem 6-35

6-35.

Notice that the interest is 3.25% annually, but it is compounded quarterly.

This means that you need to divide the percentage by 4, and multiply the number of compoundings by 4.

$440.13

6-35.

Notice that the interest is 3.25% annually, but it is compounded quarterly.

This means that you need to divide the percentage by 4, and multiply the number of compoundings by 4.

$440.13