document.write( "Question 38927: suppose you invest $100 at 7% annual interest. Calculate the amount that you would have after one year if interest is compounded: a) quarterly b) monthly
\n" ); document.write( "c) continuously \n" ); document.write( "

Algebra.Com's Answer #24449 by Nate(3500) $\"\"$ $\"About$

You can put this solution on YOUR website!
a) quarterly
\n" ); document.write( " $\"P%28a%29+=+a%281+%2B+r%2Fn%29%5E%28tn%29\"$
\n" ); document.write( " $\"P%28a%29+=+100%281+%2B+.01%2F4%29%5E%284%29\"$
\n" ); document.write( " $\"P%28a%29+=+101.00\"$
\n" ); document.write( "b) monthly
\n" ); document.write( " $\"P%28a%29+=+a%281+%2B+r%2Fn%29%5E%28tn%29\"$
\n" ); document.write( " $\"P%28a%29+=+100%281+%2B+.07%2F12%29%5E%2812%29\"$
\n" ); document.write( " $\"P%28a%29+=+107.23\"$
\n" ); document.write( "c) continuously
\n" ); document.write( " $\"P%28a%29+=+a%281+%2B+r%29%5Et\"$
\n" ); document.write( " $\"P%28a%29+=+100%281+%2B+.07%29\"$
\n" ); document.write( " $\"P%28a%29+=+107\"$ \n" ); document.write( "

\n" );