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October 23, 2014

October 23, 2014

Posted by **beto** on Tuesday, December 13, 2011 at 10:26pm.

- math -
**drwls**, Wednesday, December 14, 2011 at 11:49amHow frequently is the interest compounded? If only once a year, then the account value after 3 years is

450*(1.075)^3 = $ 559.03

- math -
**Steve**, Wednesday, December 14, 2011 at 12:47pmIf it's simple interest, it just grows by 450*.075 = $33.75 per year.

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