<PRE><B>Question 1146466</B>
&lt;br&gt;
You can do the calculations.&lt;br&gt;
You need two formulas....&lt;br&gt;
(1) periodic compounding:&lt;br&gt;
{{{A = (P((1+(r/n))^(n*t)-1))/(r/n)}}}&lt;br&gt;
A = amount (future value)
P = principal ($1000)
r = (annual) interest rate (4% = .04)
t = time (years) (3)
n = number of compounding periods per year (different cases: 1, 2, 4, 12, and 365)&lt;br&gt;
(2) continuous compounding:&lt;br&gt;
{{{A = P*e^(r*t)}}}&lt;br&gt;
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