suppose you deposit 10,000 for 2 years at a rate of 10%. calculate the return if the bank compounds daily?

Question

if a bank compounds continously, then the formula takes a simpler, that is A = Pe(rt) where e is a constant and equals approximately 2.7183. Calculate A with continous compounding.

Answer 1

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http://www.itlnet.net/Research.asp

http://www.howstuffworks.com/