Results 1 to 2 of 2

Math Help - Interest compounded

  1. #1
    Newbie
    Joined
    Oct 2012
    From
    lo
    Posts
    8

    Interest compounded



    thanks
    Last edited by tenrear3; December 7th 2012 at 04:05 PM.
    Follow Math Help Forum on Facebook and Google+

  2. #2
    Member
    Joined
    Nov 2012
    From
    Normal, IL USA
    Posts
    149
    Thanks
    24

    Re: Interest compounded

    Here's a website that may help you:

    Continuously Compounded Interest Formula and Calculator

    There is a slight ambiguity in your question. In the case of quarterly compounding, it's not clear whether the $300 was withdrawn before or after the compounding date. If "so many months ago" is calculated from today (Pearl Harbor Day, 12/7) then the compounding would be calculated before the $300 withdrawal and you'd have a few dollars more.
    Follow Math Help Forum on Facebook and Google+

Similar Math Help Forum Discussions

  1. Compounded Interest and Mortgage
    Posted in the Business Math Forum
    Replies: 7
    Last Post: July 12th 2010, 08:30 AM
  2. compounded interest
    Posted in the Pre-Calculus Forum
    Replies: 13
    Last Post: December 23rd 2009, 07:30 AM
  3. Interest Compounded Continuously
    Posted in the Pre-Calculus Forum
    Replies: 4
    Last Post: November 9th 2009, 01:31 PM
  4. compounded interest
    Posted in the Business Math Forum
    Replies: 3
    Last Post: March 20th 2008, 07:04 AM
  5. compounded interest
    Posted in the Business Math Forum
    Replies: 3
    Last Post: December 15th 2007, 08:53 AM

Search Tags


/mathhelpforum @mathhelpforum