Calculate the effective interest rate corresponding to 14% per annum, compounding:

i) Quarterly
ii) Monthly

can you guide me to its forumla,

Thankyou

Caution you are about to experience a box rant.

I read some of these posts and I wonder why on Earth has the person bothered to take the time to post such readily available information?

Seriously, haven't you heard of Google?

I mean really, I wouldn't expect the General Public to know about a Modified Endowment Contract or a 1035 Exchange or what First In-First Out means or what's meant by the Monthly Cap, Point-to-Point, Annual-Sum indexed method or a 72t SEPP exception... etc.

HERE do you want me to plug in the numbers for you also?

Calculated it yourself! Or do you need the Gubment to help?

You could have done it manually in less time then it took to post your message!


This concludes this box rant.

__________________
Gary Spicuzza, *SAFE
Copyright 1956
No Rights Reserved
*Self Appointed Financial Expert