Friday

August 1, 2014

August 1, 2014

Posted by **Anonymous** on Friday, June 27, 2014 at 10:50pm.

(a) Annually: P=20000(1.057)^10

(b) Monthly:

(c) Weekly (assume all years have 52 weeks):

(d) Daily (assume all years have 365 days):

(e) Continuously: P=20000e^(0.057*10)

I need help with how to do b-d!

Thanks!

- Calculus help -
**Steve**, Saturday, June 28, 2014 at 5:57amfor multiple periods per year, just divide the interest rate and multiply the number of years.

(b) P = 2000(1+.057/12)^(12*10)

and similarly for other divisions of the year into multiple parts.

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