Posted by Help on Tuesday, April 19, 2011 at 9:39am.
(Future Value) Suppose you invest $8000 into an account that pays an annual interest rate of 6.2%. How much is in the account after 30 years if
a. simple interest is compound monthly?
b. interest is compounded monthly?
c. interest is compounded daily?

Compound math  Tim, Friday, July 27, 2012 at 7:46pm
P*(1+i)* Exponent which is time invested
$8000x(1+.o62)30
$8000 x ((1 + .062)^30) = $48,621.1794 U.S. dollars

Compound math  paul, Wednesday, November 7, 2012 at 5:05pm
$24,000 is invested for 5 years with APR of 2% in daily compounding.What is the balance in account after 5 years?
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