Help with A=Pert and the like?!!!
Favorites|Homepage
Subscriptions | sitemap
HOME > Mathematics > Help with A=Pert and the like?!!!

Help with A=Pert and the like?!!!

[From: ] [author: ] [Date: 11-11-18] [Hit: ]
N= how many times per year interest is paid.Quarterly = 4.Monthly = 12.Semiannual = 2.......
Ok so here's the question: Suppose you invest $15,000 at 7% annual interest. How much will there be if interest is calculated:
a. quarterly b. monthly c.continuously

So I know P= 15,000
R=0.07
N=
T=
This is where I kind of get confused.
Do I use A=P(1+r/n)^nt or A=Pert????
Thanks in advance for your time.

-
La La -

Only use Pe^(rt) for CONTINUOUS compounding

For quarterly and monthly use A=P(1+r/n)^nt

T= number of years
N= how many times per year interest is paid. Quarterly = 4. Monthly = 12. Semiannual = 2.

Hope that helps
1
keywords: Pert,and,the,Help,with,like,Help with A=Pert and the like?!!!
New
Hot
© 2008-2010 http://www.science-mathematics.com . Program by zplan cms. Theme by wukong .