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August 22, 2014

August 22, 2014

Posted by **roger** on Thursday, December 8, 2011 at 4:43pm.

- math -
**Henry**, Saturday, December 10, 2011 at 6:56pmPt = Po(1+r)^n.

r = (1.7%/360) / 100% = 0.0000472 = Daily % rate expressed as a decimal.

n = 1 comp./day * 180 days = 180 comp.

periods.

Pt = 4800(1.0000472)^180 = $4840.41.

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