a. 4000 = A [1+(.104 / 365)^(11 * 365)
b. 4000 = A e^(.104 * 11)
you have an account which pays 10.4% annual interest, what is the minimum amount which must be invested to have $4,000 in 11 years, assuming you compound
a. daily
b. continuously
1 answer
1 answer