Homework Help: Maths

Posted by Jannie on Monday, February 7, 2011 at 2:25am.

Suppose you were to leave $100 to be equally divided between your great great grandchildren 100 years from now. Given that you can secure annual interest at 6% pa, what would this amount be?
Find the compound interest, compounding monthly?
Please show all working out :)

Maths - Reiny, Monday, February 7, 2011 at 10:17am
amount = 100(1 + .06/12)^1200
= ....

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