In an effective quarterly rate of compound interest, 1000 accumulates to 2500 in 20 years. What would be the value after years if the initial deposit of had grown under an effective quarterly rate of compound discount?
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Get k by solving: 1000(1 + k)^80 = 2500 I don't know what you mean by "discount"; negative k ?
Originally Posted by Wilmer Get k by solving: 1000(1 + k)^80 = 2500 I don't know what you mean by "discount"; negative k ? Discount is related to interest by but thanks. I understand what the problem is asking now.
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