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July 24, 2014

July 24, 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

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