Monday

December 22, 2014

December 22, 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.

**Answer this Question**

**Related Questions**

financial - Determine the amount of money in a saving account at the end of five...

calculus - Assume the initial investment was $6600 and the annual interest rate ...

Finance - You deposit $1000 for 5 years at 4% annual interest. In 5 years, you ...

Finance - john deposited 3000 into an account with 5% annual interest rate ...

Math - If you deposit P dollars into a bank account paying an annual interest ...

Alg 2 - Suppose you deposit a principal amount of p dollars in a bank account ...

Alg2 - Help....Help... Suppose you deposit a principal amount of p dollars in a ...

compound interest - How do I solve these problems? Complete the table for a ...

calculating annuity - IF a company will generate 80,000 in annual revenue each ...

Algebra - A company invests $15,000.00 in an account that compounds interest ...