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Interest rate questions

ebayissues · 2012-11-07 18:31:41

Hi guys What's €350000 invested for a year at 6.25% compunded semi annually quarterly and monthly. I've tried €350000 x 1.0625^ 12 I've also tried €350000 x 1 + 0.625/12^12 But I don't know which is which I also have to compound 5% compunded monthly and semi annually. Any ideas Thanks

07-11-2012 6:31pm

#1

ebayissues

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Posts: 419

Hi guys

What's €350000 invested for a year at 6.25% compunded semi annually quarterly and monthly.

I've tried €350000 x 1.0625^ 12

I've also tried €350000 x 1 + 0.625/12^12

But I don't know which is which

I also have to compound 5% compunded monthly and semi annually.

Any ideas

Thanks

0

Comments

#2 08-11-2012 9:35am

strmin

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Posts: 308

http://ncalculators.com/interest/compound-interest-calculator.htm

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#3 08-11-2012 9:48am

roro2

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Join Date: February 2012

Posts: 405

350000 * (1 + 6.25%/n)^n where n is the number of time periods.

So, for semi-annually, n=2: 350000 * (1 + 6.25%/2)^2 = 372,216.80

n=4 for quarterly, etc... 372,393.06

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