Deposit A pays 6% interest with the interest compounded annually. Deposit B pays 6% interest with the interest compounded quarterly. Clearly, Deposit B is a better option as it provides a higher return. Continuously Compounded Interest Formula Continuously compounded interest is the mathematical limit ...
Estimate the total future value of an initial investment or principal of a bank deposit and a compound interest rate. ➤ The interest can be compounded annually, semiannually, quarterly, monthly, or daily. Include additions (contributions) to the initi
(b o x) righ t circular cylinder Math 1030 Section 8 T est 2 Name: Read all directions carefully and sho w all y our w ork for full credit. Be sure to read the question completely and do eac h part of the question completely . Eac h question is w orth 20 p oin ts, all ...