PDA

View Full Version : Calculating, is this correct


jasiremo
Sep 10, 2009, 06:36 AM
$7,000 in 5 years at a quarterly discount rate of 6%= $7000 x 0.7471 = $5229.70

ArcSine
Sep 10, 2009, 09:45 AM
That's close but no cigar, if what you have in mind is a 6% annual rate, compounded quarterly. Can you give a bit more info?