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
A survey of 400 of recently qualified chartered Accountant revealed that 112 joined industry, 120 stated practice & 160 joined the firms of practicing chartered accountants as paid
what are the core concept of marketing
nc6:n-3c3=91:4
i dint get how to do math promblems
how to compute the frequncy polygon of the scores?
The Robin's Nest Nursing Home had a fundraising target of $9,500. By the end of the fundraiser, they had exceeded their goal through $2,100. How much did they raise? Exceeded
4 7 9 6
how to present root numbers on a number line
A class has 175 learners. The given table describes the number of learners studying one or more of the subsequent subjects in this case Subjects
show that all primes except 2, are of the form 4n-1 or 4n+1
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