Jan 25, 2024 · How on earth does the compound interest formula have anything to do with this? For the reason that compound interest's recursive; For any given p , we have the outputs …

Feb 5, 2015 · Hi, is there a way to find out the annual compound interest (A), from the interest (I) over (Y) number of years? For example: If interest over 5 years is 300%, so I=5, Y=3.0, how …

Apr 3, 2013 · Future value formula right? OP puts $15,000 in a C.O.D that paid a continuous compound interest rate. After 25 years the investment tripled. Use this information to find the …

Aug 19, 2012 · Amortization formula: A = P i (1 + i) n (1 + i) n 1 . . where: {A = periodic payment P = amount of loan i = periodic interest rate n = number of periods} W\!e are ...

Jan 9, 2024 · On compound interest tables, I have seen just (1+i) without the P used. In addition to being goofy, the second factorization is flat out wrong. (P + P) n ≠ P (1 + i) n . Perhaps …

Mar 7, 2009 · Hi, I'm having a hard time understanding how my math book developed the formula for continuous compound interest. Well first off what is continuous compound interest? I know …

Jan 29, 2022 · To get future value, we multiply periodic payments by the interest rate (compounded effective int rate? I forgot the term, but you get the periodic interest rate, …

Feb 5, 2015 · Are you told that this is "simple interest"? That is what you calculated but that would be very strange for bank interest. "Compound interest" would be would be 130 (1.06)^ {12}.

Jul 31, 2013 · A tree grows in height by 21% per year. It is 2 m tall after one year. After how many more years will the tree be over 20 m tall? pls. show all the steps. thank you.

Nov 20, 2019 · Hello everyone, I'm a bit stumped on this one. Assuming I have the following cells: A1: original deposit A2: the interest rate (%) A3: the duration in days which the interest rates …