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Unformatted text preview: 1. monthly. 2. daily 3. continuously. Find the effective rate of interest for 9% compounded: 4. quarterly 5. semi-annually 6. continuously What principal invested at 12% will yield $1000 after 5 years compounded: 7. monthly 8. continuously How long will it take $500 to double if it is invested at 10% compounded: 9. quarterly 10. continuously Try These 11 If $100,000 is invested at 12% compounded continuously, how much will it be worth in 3 years? 12. How much should be invested at 7.5% compounded monthly in order to have $500,000 in 40 years . 13. How long will it take money to triple if it is invested at 6% compounded weekly?...
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This note was uploaded on 01/04/2012 for the course MAC 1147 taught by Professor Staff during the Fall '08 term at Miami Dade College, Miami.
- Fall '08