document.write( "Question 311517: I have an investment of $50,000 for 30 years paying 6% annual interest rate. How much difference in the AMOUNT would there be if the account was compunded: \r
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document.write( "Daily (n=365)????
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document.write( "Minutely (n=525,600)????\r
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document.write( "Thank you. \n" );
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Algebra.Com's Answer #222894 by checkley77(12844)![]() ![]() ![]() You can put this solution on YOUR website! 50,000(1+.06)^30 \n" ); document.write( "50,000*1.06^30 \n" ); document.write( "50,000*5.743=287,174.56 ANS. \n" ); document.write( "------------------------------ \n" ); document.write( "50,000(1+.06/365)^30*365 \n" ); document.write( "50,000(1.000164)^30*365 \n" ); document.write( "50,000(1.000164)^10,950 \n" ); document.write( "50,000*6.0432=301,170.26 ANS. \n" ); document.write( "------------------------------ \n" ); document.write( "50,000(1+.06/525,600)^30*525,600 \n" ); document.write( "50,000(1.000000114)^30*525,600 \n" ); document.write( "50,000(1.000000114)^15,768,000 \n" ); document.write( "50,000*6.05=301,742.77 \n" ); document.write( " |