Tuesday

November 25, 2014

November 25, 2014

Posted by **tanya** on Tuesday, September 17, 2013 at 9:39pm.

- finance -
**Reiny**, Tuesday, September 17, 2013 at 10:16pmi = .02/365 = .....

n = 20(12) = 240

using

amount = principal(1 + i)^n

amount = 1000(1 + .02/365)^240

my keystrokes on my calculator are:

.02÷365

=

+ 1

=

y^{x}

240

=

x 1000

=

to get $1013.23

**Answer this Question**

**Related Questions**

finance - You deposit $1000 at 2% for 20 years, compounded daily. What's the ...

word problem - You deposit $1000 at 2% for 20 years, compounded annually. What'...

Math - you deposit $1000 at 3% per year.what is the balance at the end of one ...

Math - you deposit $1000 at 3% per year.what is the balance at the end of one ...

Finance - You deposit $1000 in an account that pays 8% interest compounded ...

Help meee - Answer from spreadsheet Answer from hand calculation Problem #1: ...

math - Problem #1: Find the total amount if you deposit $500 at a rate of 5% for...

calculus - an amount of 1000 is deposited in a bank that pays 8% interest/year ...

Calculus help - assume that the initial deposit is $20000 and the nominal annual...

finance - You have found three investment choices for a one year deposit: 10% ...