Compund interest compunded quarterly?
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- 2 hours ago
- - 4 days left to answer.
I dont get it. Is the present value is 8,000, i= 5.5% p.a. compounded quarterly for 2 years then will that mean that
present value is 8,000, i= 5.5 divded by 3 (since there are 3 quarters in a year, ...3 months is one quarter of a year).
And the time period will be 6 quarters, since there are 6 quarters in 2 years?
2 hours ago
ok so if i was to implement all this in the formula =
How would this work?