37500(1+(.063/x))^30x
where x is the number of times it is compounded per year (1 for annually, 2 for semiannually, 4 for quarterly, 12 for monthly)
If $37,500 is invested at 6.3% for 30 years, find the future value if the interest is compounded annually,semiannually, quarterly, monthly
1 answer