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If interest is paid more than once in a year, ‘i’ is the rate of interest per year, ‘n’ is the number of periods in years and ‘m’ is a number of periods per years, compound amount factor (CAF) is:
Mrs. Jansen recently moved to Arizona. She wants to fill her new backyard with flowering plants. Although she is an experienced gardener, she isn't very well-versed in what plants will do well in the Arizona climate. Also, there is a big tree in her backyard making for shady conditions and she isn't sure what plants will thrive without much direct sunlight. Her favorite gardening catalog offers several backyard seed packages. Which one should Mrs. Jansen choose?

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