Heather W.
asked • 02/16/16How to plug in 3/4 of a year?
We are doing compounded and interest. It is quarterly and only 3/4 of a year. We don't know how to plug in 3/4 of a quarterly year into the equation.
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1 Expert Answer
Andrew M. answered • 02/16/16
Tutor
New to Wyzant
Mathematics - Algebra a Specialty / F.I.T. Grad - B.S. w/Honors
In the formula A = P(1+r/n)nt
where t = time in years...
3/4 of a year = .75
A = P(1+r/4)4(.75)
A = P(1+r/4)3
Just plug in your interest rate and initial investment.
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Kenneth S.
02/16/16