Dr Nick

(3)

$14/per page/Negotiable

About Dr Nick

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Art & Design,Computer Science See all
Art & Design,Computer Science,Engineering,Information Systems,Programming Hide all
Teaching Since: May 2017
Last Sign in: 248 Weeks Ago, 3 Days Ago
Questions Answered: 19234
Tutorials Posted: 19224

Education

  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

Experience

  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Statistics Posted 10 Nov 2017 My Price 11.00

14% compounded continuously

 

 

 

compounded semiannually is 15.5625% annually and 14% compounded continuously is 15.027%

annually

 

APY refers to how much money you earn on a deposit over a year, taking into account compounding interest.

 

Now $100

compounded semiannually at 15% is 100(1+0.152)2=100×1.0752=115.5625 i.e. 15.5625%

annually

 

$100

compounded continuously at 14%

, means

 

Ltn→∞100×(1+0.14n)n

 

= 100×e0.14=115.027

i.e. 15.027%

annually

 

Answers

Dr Nick
(3)
Status NEW Posted 10 Nov 2017 10:11 AM My Price 11.00

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