Evaluate
compounded
annually
semi

annually
quarterly
monthly
weekly
daily
continuously
%
annual
interest
3
years
1
future
value
100
If
money
is
compounded
quarterly
at
an
annual
interest
of
3
%
In
order
to
have
$
100
in
1
year
You
will
need
to
invest
$
97
.
06
equivalent
annual
interest
rate
is
:
3
.
03
%