Thursday

April 17, 2014

April 17, 2014

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 )

**Related Questions**

math - fiona invested $1000 at 6% compounded continuously. at the same time, ...

math - fiona invested $1000 at 6% compounded continuously. at the same time, ...

value of money - Find the compound amount if $6,400 is invested for 2 years at ...

math - A money market fund pays 14% annual interest compounded daily. What is ...

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 ...

Algebra - How long will it take $7,000 invested at 5.5% compounded daily to grow...

math - a) 1150 dollars invested at 9% annual interest rate (compounded yearly) ...

MatHematics - After a 20 year period Josh's lump sum investment matures to an ...

Financial management - what is the principle investment ? you have $1728.34 ...