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what would be the awnser if compounded quarterly? HOW IS INTEREST CALCULATED? PART 2 If compound interest is used and the compounding occurs semiannually then

what would be the awnser if compounded quarterly?

HOW IS INTEREST CALCULATED? PART 2 If compound interest is used and the compounding occurs semiannually then 1 st 6 months' inter $1000 x .05 x 6/12 = $25.00 2nd 6 months' interest: + $1025 x .05 x 6/12 = $25.63 Total annual interest=$50.63

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