ChaseDream
搜索
返回列表 发新帖
查看: 781|回复: 0
打印 上一主题 下一主题

compounded interest issue

[复制链接]
楼主
发表于 2007-12-10 13:18:00 | 只看该作者

compounded interest issue

I have been bothered by the interest problem a lot . How to canculate? Below is a typical example :

Mr. Daniel deposits $ 10,000 in a savings certificate earning p percent annual interest compounded quarterly. What is the  value of p?

(1) During the term of the certificate , he earns $18more than he would if the interest were not compounded .

(2) He withdraws all the money six months after depositing it . 

Please elaborate your answer and the way you get the analogy . Thanks in advance .

您需要登录后才可以回帖 登录 | 立即注册

Mark一下! 看一下! 顶楼主! 感谢分享! 快速回复:

手机版|ChaseDream|GMT+8, 2024-12-22 21:47
京公网安备11010202008513号 京ICP证101109号 京ICP备12012021号

ChaseDream 论坛

© 2003-2023 ChaseDream.com. All Rights Reserved.

返回顶部