Mathematics

Mathematics, 21.10.2019 17:30, owenwernert

Continuous compound interest problem
find the amount in an account where $1100 is invested at 4% compounded continuously for a period of 6 years.

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Mathematics, 13.07.2019 12:30, crystalrc3414

in the original example in section 1, $1,000 was invested at a 2% interest rate compounded n times per year. even when n increased to 365 so the interest was compounded every day, the maximum value in the account after 1 year was less than $1020.21. there is always a maximum amount of increase in an account from compound interest. that amount is referred to as the result of “continuous compounding.” when interest is compounded continuously, the formula is: p = p 0ert where the principal p 0, is invested in an account that pays an annual interest rate r (written as a decimal), compounded for t years. the number e is an irrational constant (like the number π). it is the base of the “natural logarithma. use the formula for continuous compounding with the original example: $1000 invested at 2% for 1 year. record the amount to 5 decimal places. use a calculator. b. compare it to the result using the original compound interest formula with n = 365 calculated to 5 decimal places. which has a larger value? explain.

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Mathematics, 23.08.2019 11:10, angelrenee2000

Compound interest is interest earned on both the initial investment and the previously earned interest. an initial amount of money, the principal p 0, is invested in an account that pays an annual interest rate r (written as a decimal), compounded n times per year. the amount in the account at the end of each time period is the principal plus the interest. for example, $1,000 is invested at a 2% interest rate and compounded quarterly. then p 0 = 1,000, r = 0.02, and n = 4. describe the location of the vertex of the parabola relative to the x-axis. how many zeros does the polynomial have? (fill in the blanks) time period, amount in the account (with rounding) initial principal, p 1,000 end of the first period 1,000 + 1,000 + 0.02/4 = end of the second period + * 0.02/4 = end of the third period + * 0.02/4 = end of the fourth period + * 0.02/4 =

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Mathematics, 25.08.2019 16:00, chloebaby8

Peter put $8,000 into a savings account that pays 6% interest, compounded continuously. after five years, peter will have a. 8,001.35 in the account. b. 10,798.53 c. 21,744.00 d. 160,634.32 hint: use the formula a = pe^rt, where a is the amount after t years, p is the amount invested, r is the rate of interest, t is the time period, and e = 2.718. use a calculator to compute your answer.

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Business, 12.09.2019 19:30, cutie22327

Use the appropriate compound interest formula to find the amount that will be in each account, given the stated conditions. $26,500 invested at 3.85% annual interest for 2 years compounded (a) daily (n equals365); (b) continuously

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Continuous compound interest problem
find the amount in an account where $1100 is invested at...

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