SOLUTION: You are quoted an interest rate of 6% on an investment of $10,000,000. What is the value of your investment after 4 years if the interest is compounded:
Annually
Monthly
Contin
Algebra ->
Finance
-> SOLUTION: You are quoted an interest rate of 6% on an investment of $10,000,000. What is the value of your investment after 4 years if the interest is compounded:
Annually
Monthly
Contin
Log On
Question 712404: You are quoted an interest rate of 6% on an investment of $10,000,000. What is the value of your investment after 4 years if the interest is compounded:
Annually
Monthly
Continuously
You can put this solution on YOUR website! You are quoted an interest rate of 6% on an investment of $10,000,000. What is the value of your investment after 4 years if the interest is compounded:
Annually
A(4) = 10000000(1.06)^4
-----
Monthly
A(4) = 10000000(1+(0.06/12))^(12*4)
---------------
Continuously
A(4) = 10000000e^(0.06*4)
======================
Cheers,
Stan H.
===============
(