We use cookies to personalise content and advertisements and to analyse access to our website. Furthermore, our partners for online advertising receive pseudonymised information about your use of our website. cookie policy and privacy policy.
 
+0  
 
-1
237
3
avatar

Thank you!

 Feb 28, 2018
edited by Guest  Feb 28, 2018
 #1
avatar+99736 
+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

 Feb 28, 2018
 #2
avatar
0

Thanks so much smiley

Guest Feb 28, 2018
 #3
avatar-7 
0

U WOT M8?

 Feb 28, 2018

18 Online Users

avatar
avatar