SOLUTION: FIND THE BALANCE FOR A FOR P DOLLARS INVSTED AT RATE r for t years, compounded quarterly p=$1000 r=6% compounded continuously

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Question 172569: FIND THE BALANCE FOR A FOR P DOLLARS INVSTED AT RATE r for t years, compounded quarterly
p=$1000
r=6% compounded continuously
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
FIND THE BALANCE FOR A FOR P DOLLARS INVSTED AT RATE r for t years, compounded quarterly
p=$1000
r=6% compounded continuously
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A(t) = P(1+(r/n))^(nt)
A(t) = 1000(1+(0.6/4))^(4t)
A(t) = 1000(1.15)^(4t)
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Cheers,
Stan H.