Compound Interest Formula: - White Plains Public Schools
if interest is compounded quarterly then n = 4. if interest is compounded bi-monthly then n = 6. if interest is compounded monthly then n = 12. Ex 1: Karen has $1,000 that she invests at 3.5% interest compound quarterly. How . much money will Karen have after 5 years? Look at the formula and see how many values we are given for the variables. A ... ................
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