Question: a) What are the 4 main compounding frequencies? (2 marks) b) What does the term compounding mean? (1 mark) c) What compounding frequency compounds interest

a) What are the 4 main compounding frequencies? (2 marks)

b) What does the term compounding mean? (1 mark)

c) What compounding frequency compounds interest every three months? (1 mark)

d) Maria invests $32,500 at 8% compounded semiannually. How much will she have at the end of 4 years? (3 marks)

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