FV of $100 after 3 years under 10% semiannual compounding? Quarterly?

= $100(1.05)6 = $134.01.

FV3Q = $100(1.025)12 = $134.49.

FV

=

PV

1 .

+

i

m

n

Nom

mn

?

?

?

?

?

?

FV

=

$100

1

+

0.10

2

3S

2x3

?

?

?

?

?

?

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