**Now, let's make it quarterly...**

Compounded quarterly (four times a year)means that, at the end of each quarter (three months), they'll add 3% to your account. (Remember that this is 3% of what's in the account at that time.) |

**Do you see that, the more times the account is compounded, the more money we make? Sure, it's only a really small increase, but, if we invest a million dollars... Then, it's going to make a big difference!**

**OK, so how can we figure out compound interest without having to go through each little step? If we had invested that dollar for 20 years, that chart thing would have been a real pain!**

**The answer is: SPLIT FACTOR!**

**Compounded money grows the same way alien amoebas grow! But, since it's money, it'll make more sense to call it the "growth factor."**