**What if we made the same investment, but compounded it quarterly?**

**initial amount = 60,000**

**At the end of each period (every 3 months), we'll be earning 2.25%... (That's 9% divided by 4 >>> .09 / 4 = .0225)So, each $1.00 will turn into $1.0225**

**growth factor = $1.0225**

**number of periods = 100 **

**See how we made more money? Will we make even more if we compounded it monthly?**

**initial amount = 60,000**

**At the end of each period (every month), we'll be earning 0.75%(That's 9% divided by 12 >>> .09 / 12)So, each $1.00 will turn into $1.0075...**

**growth factor = $1.0075**

**number of periods = 300 **

**So, the more times we compound, the more money we make!! Cool.**