For the annual and quarterly compounding, go here:
Balance Roll with Interest
For start date and end date, just enter 2 dates with a 5 year difference, like 1/1/2008 and 1/1/2013.
You should be able to figure out the semi-annually from here.
- Calculate the value of £1,200 invested for 5 years at 4% interest rate compounded:
- annually
- semi-annually
- quarterly
- continuously
- How many years would it take for an amount of money invested at 4% interest rate compounded continuously to triple in value?
For the annual and quarterly compounding, go here:
Balance Roll with Interest
For start date and end date, just enter 2 dates with a 5 year difference, like 1/1/2008 and 1/1/2013.
You should be able to figure out the semi-annually from here.
The compound Interest Equation is as follows:
where:
Let's go ahead and put what we know:
1) Annually (n=1):
2) Semi-annually (n=2):
3) Quarterly (n=4):
4) Continuously ( ):
This has a special equation:
All the variables remain the same.
And there you go.