what is 100(1+.06/4)^20 ?That is 6 percent6 paid, and compounded quarterley for 20 quarters.
134.69
6% compounded interest quarterly for 5 years
2 answers
20 quarter years in five years and 6%/4 = 1.5% per quarter
so
1.015^20 = 1.35
or 35 % gain
so
1.015^20 = 1.35
or 35 % gain