Question

does compound quarterly and annually make a difference?

Answer 1

yes

Answer 2

yea bruh continuous you use A = Pe^rt and for quarterly you use
A = P(1+(r/n)^nt...n would be 4 for quarterly and t is the number of years

Answer 3

100 at 16% quarterly is

100(1 +.16/4)^4 = 116.99
......................................

100(1.16) = 116

Answer 4

r is the rate of interest

Answer 5

my problem is i dont know how to plug in those numbers in that formula.. i think im doing it the long way

Answer 6

what is ^ ?

Answer 7

^ indicate an exponent

3^2 = 9

4^3 = 64

2^3 = 8