
Home > AC > Chapter 13 > Lesson 13.IF2-S > 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
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