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Using the formulas given in class for continuous and compound interest, show your calculated values for...

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Basic Math

Using the formulas given in class for continuous and compoundinterest, show your calculated values for each investmentbelow.

A) Placing $875 in an account giving 13.5% APR compounded dailyfor 2 years:

B) Placing $1000 in an account given 6.7% APR compoundedcontinuously for 2 years:

C) Placing $1050 in an account giving 4.5% APR compoundedmonthly for 2 years:

D) RANK them in order from best (i.e. yielding the mostinterest) to worst (hint: compare either $ or % gain (APR)):

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equation to find value of investment in compounded investmentwith n compounding per year ishere P is amount invested r is rate of    See Answer
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