Wednesday

October 1, 2014

October 1, 2014

Posted by **paul** on Thursday, June 17, 2010 at 11:35am.

- math -
**Henry**, Sunday, June 27, 2010 at 7:19pmPt=Po*(r+1)^n. Compounded daily.

Pt=principal at maturity.

Po=Initial principal or deposit.

r=DPR=Daily percentage rate.

n=The number of compounding periods.

t=6mo=0.5yr.=time for maturity.

Po=1500.

APR=4.0

r=4/365/100=0.000109589

n=0.5*365=182.5 days.

Pt=1500*(0.000109589+1)^182.5=1530.30

**Answer this Question**

**Related Questions**

math - If I had borrowed 1500 for six months at 8.5% annual simple interest. How...

financial understanding - if apr is 7.3% daily and haad $400 1st 10 days, 1500 ...

math - find the effectivee rate correspoding to 3% compounded quarterly The ...

math - if you want to save $60000 in 7 years with APR 4% daily compounding and ...

math - Assume you want to accumulate $125,000 for a long-range goal in 40 years...

Math - $ 2631 is deposited into an account for 15 years. Determine the ...

Business - Sundown Rent-a-Car, a large automobile rental agency operating in the...

Finance - A guy borrows $5000 and wants to repay it $190 per month starting at ...

math - You have 700 dollars in your bank account. Suppose your money is ...

math - You have 700 dollars in your bank account. Suppose your money is ...