0
I think most banks use daily compounding, but you could use the continuous compounding to approximate daily compounding and be off by less than 0.2%
What else can I help you with?
Related Questions
Continuously compounded interest?
is given by the formula A = Pe^rt
What interest rate is required for an investment with continuously compounded interest to double in 8 years?
It is approx 8.66%
What is the annual interest rate on 5000 compounded continuously at 6.3 annual interest rate?
I suspect that it will be 6.3!
How To calculate the interest to be deducted from the loan of 20000 which is to be paid within 2years at the rate of 10?
If the rate is 10% interest on a $20,000 loan for two years, interest will be $4,428.06 if compounded continuously. If compounded annually, it would be $4,200.
How long will it take for 5700 to grow to 34800 at an interest rate of 3.8 percent if the interest is compounded continuously?
48.51 years, approx.
How much would 250 invested at 10 percent interest compounded continuously be after 8 years?
556.34
How much would 500 invested at 8 percent interest compounded continuously be worth after 3 years?
635.61
How much would 400 invested at 9 percent interest compounded continuously be worth after 3 years?
523.97
How much would 100 invested at 8 percent interest compounded continuously be worth after 15 years?
332.01
How much would 250 invested at 10 percent interest compounded continuously be worth after 8 years?
556.34
How much would 220 invested at 10 percent interest compounded continuously be worth after 12 years?
730.43
How much would 500 invested at 4 percent interest compounded continuously be worth after 7 years?
661.56
Trending Questions
What caused the new york blackout in 1977?
What math classes are needed to be an architect?
What jobs can you get if you have served time for felony charges?
What are the four active phases of mitosis?
When did Americas next top model start?
Could a girl marry when aged 12 in the UK in 1903?
What is the Gaelic name for Squid?
What is the area of a rectangle nine meters long and eight meteres wide?
What is 33 percent of 27?
How can one get into the Gamesbox site to play Amerikan Poker?
Why do you always round up numbers of people?
Why are their only 2 seasons in antarctica?
What is the best present to give your housekeeper for Christmas?
When did army help arrive into Darwin after cyclone Tracy?
Who played Lando Calrisian?
Peso de una refrigeradora?
Who is the author of Am I to be balamed declamation piece?
How do you open a svd file saved on a disc?
What does a big rock mean?
How do you convert tablespoons to pints?
Copyright ©2025 Answers.com | Lunias Media Inc. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.