Question

Invest $23,000 in a savings account at 4.25% interest compounded quarterly.
Invest into an ordinary annuity where $5,000 is deposited each year into an account that earns 6.6% interest compounded annually.

Answer 1

http://math.about.com/library/weekly/aa042002a.htm

Answer 2

Perfect and thank you so much!!! :)

Answer 3

3% compounded interest daily on one million dollars is how much monthly