Why does Greg not divide 4% by 3, but he times 3 years by 3 to get 9? I thought that was the Compound II rule in Prepswift.
So, shouldn’t the formula be: (x)((4/3)/100)^9?
This is not the typical compounding problem - in this case you are increasing by 4\% every four months. This is not “4% annual compounded every four months”.
1 Like
Thank you— that makes sense!