+0  
 
-1
72
3
avatar

Thank you!

Guest Feb 28, 2018
edited by Guest  Feb 28, 2018
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3+0 Answers

 #1
avatar+86567 
+1

I  =  6.5%  =  .065

 

Yearly

 

A  =  1234 ( 1 + .065)^4   ≈ $1587.50

 

Monthly

 

A  =  1234 ( 1 + .065/12)^(4*12)  ≈ $1599.29

 

Continuously   ....this uses   Pe^(r * t)

 

So  we have

 

1234 *e^(.065 * 4)   ≈ $1600.41

 

Note that continous compounding isn't much more than monthly  !!!

 

 

cool cool cool

CPhill  Feb 28, 2018
 #2
avatar
0

Thanks so much smiley

Guest Feb 28, 2018
 #3
avatar-7 
0

U WOT M8?

YESYESYES666  Feb 28, 2018

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