Daily, Monthly, Quarterly, and Semi-annual Compounding Apart from the annual and continuous compounding methods, interest can also be compounded at different time intervals such as daily, monthly, quarterly and semi-annually. To illustrate compounding at different time intervals, we take an initial i...
Question: Find the Future Value of$18,500at6%interest compounded quarterly for4years. Future Value: The future value of an investment is the amount it will accumulate to in a certain number of years. This value can be found using the regular compound interest formula. ...