Timeline for the $1,000 10% 3 Year CD if interest is paid Semiannually?

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-1,000 +50 +50 +50 +50 +50 +1050

For semiannual pay: FV = 1,000 x (1.05) = $1,340.10

1.Make a timeline for this CD if interest is paid quarterly (every 3 months)

2.Calculate how much the CD will pay at the end of 3 years with quarterly compounding and show the formula used plus all your calculations

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FV = PV x (1 + r)^n

FV =

3 Year CD: Annual Pay = Semiannual Pay = Quarterly Pay =