Char C.

asked • 04/23/13

Want to see if I'm doing this question right and the calculations are also correct. I have done this question three times now and keep getting different answers

The formula is f(t) = P(1 + r/n)nt 

$62,000 is invested in a CD with the interest rate of 25%

Time in years is 18

the compounding periods  per year is quarterly

and then they ask to do it again but with the compounding periods per year is semi-annually

They want all work shown thank you

3 Answers By Expert Tutors

By:

Geeta S. answered • 04/24/13

Tutor
5 (4)

UC Berkeley Graduate: Passionate and Patient Teacher!

Grigori S. answered • 04/23/13

Tutor
New to Wyzant

Certified Physics and Math Teacher G.S.

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