Posted by **nmh** on Friday, July 8, 2011 at 2:54pm.

Find the compound amount if $6,400 is invested for 2 years at 12% compounded monthly. What difference would compounding daily make in this example?

## Answer this Question

## Related Questions

- alg. Compounding periods. - a loan requires that the 4% interest be compounded ...
- Math - $ 2631 is deposited into an account for 15 years. Determine the ...
- Math - Can someone please double check my answers. 1. What pattern does the ...
- math - Can someone please double check my answers. 1. What pattern does the ...
- Compound interest - Hello My teacher skipped over this and I have no clue how to...
- Algebra - Compare the future amounts (A) you would have if the money were ...
- Algebra - Compare the future amounts (A) you would have if the money were ...
- math - Find the amount that schould be invested now to accumulate following ...
- math - RM65000 will be invested for 6 years 9 months. if the investment will be ...
- math - RM65000 will be invested for 6 years 9 months. if the investment will be ...

More Related Questions