Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
If r per annum is the rate at which the principal A is compounded annually, then at the end of k years, the money due is
Q = A (1 + r)k
Suppose compounding is done continuously. i.e. at every instant the principal A is compounded at R per annum. Then,
Q = A eRk
The relationship between R and r is given by the following reasoning:
A (1 + r)k = A eRk
Example
If R = 5.25%, then ln(1 + r) = 5.25% or r = 5.39%
Suppose Rs.100 is being compounded annually at the rate of 10% per annum. What is the future value of Rs.100 at the end of the third year? What is the effective continuously compounded rate of interest? What is the future value of Rs.100 at the end of the third year, using this interest rate?
FV(Rs.100) = 100 x (1.10)3 = 133.1
If r = 0.1, then the continuously compounded rate of interest R is given by
R = ln(1 + 0.1) = 0.0953
FV(Rs.100) = 100 e0.0953 x 3 = 100 x 1.331 = 133.1
I have a 40 question assignment for this topic, will you be able to complete it?
1.Verify Liouville''s formula for y "-y" - y'' + y = 0 in (0, 1) ? 2.Find the normalized differential equation which has {x, xex} as its fundamental set. 3.6Find the general soluti
Explain with the help of number line (-6)+(+5)
how to use matlab to reverse digits of integer using mod
how can you tell qhich trangle is sss,asa, sas, and aas s
Suppose you are in the market for a new home and are interested in a new housing community under construction in a another city. a) The sales representative later shows that there
Algebraic Word Problems: Equations: 1. The total electrical output of one nuclear facility is 200 megawatts more than that of another nuclear facility. Let L be the
Nick paid $68.25 for a coat, including sales tax of 5%. What was the original price of the coat before tax? Since 5% sales tax was added to the cost of the coat, $68.25 is 105%
the adjacent sides of a parallelogram are 2x2-5xy+3y2=0 and one diagonal is x+y+2=0 find the vertices and the other diagonal
Explain Fermats Last Theorem? How to solve problems under Fermats Last Theorem?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd