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Continued Compound Interest - Handwritten Notes | MATH 1100, Study notes of Quantitative Techniques

University of Utah (The U)Quantitative Techniques

Material Type: Notes; Class: Quant Analysis; Subject: Mathematics; University: University of Utah; Term: Unknown 1989;

Typology: Study notes

Pre 2010

Uploaded on 08/30/2009

koofers-user-85u
koofers-user-85u 🇺🇸

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nBler L we fecnmude led. below r- keR ( decimal pm Weer mw HA camepanchin Stn RUE) emanones ono 299 ley Fc, -te% a Summary of Compound Interest Formulas Let P be the amount deposited, t the number of years, A the balanci r+ the annual interest rate {in decimal form). 1. Compounded m times per year: A = o i+ r] ae) 2. Compounded continuously: 4 = Pe’? RY LFS nd the balance in an account if $2000 is deposited for 10 years al an inter- t of 9%, compounded as follows, Compare the results and make a general atement about compounding. ! | } quarterly (bh) monthly : } daily (d) continuousty |