rainblo83
Mar 22, 2007, 05:41 PM
I need help working out this question. Does anybody know the answer?
To compound $100. Quarterly for 20 years at 8% we must use:
a. 40 periods at 4%
b. 5 periods at 12%
c. 10 periods at 4%
d. 80 periods at 2%
To compound $100. Quarterly for 20 years at 8% we must use:
a. 40 periods at 4%
b. 5 periods at 12%
c. 10 periods at 4%
d. 80 periods at 2%