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April 1, 2015

April 1, 2015

Posted by **Kay** on Friday, July 27, 2012 at 3:01pm.

- algebra -
**Reiny**, Friday, July 27, 2012 at 3:08pmi = .03/365 = .000082191

n = 3(365) = 1095

amount = 400(1.000082191)^1095 = 437.67

(using continuous compounding it would be

400 e^(3(.03)) = 400 e^.09 = 437.67 )

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