Suppose you make equal quarterly deposits of $900 into a fund that pays interest at an annual rate of 10%. Find the balance at the end of year 3, if interest is compounded continuously

 If you decide to make a deposit of $10 daily (instead of $900 quarterly), what will be your balance at the end of year 3? (assume that the interest is compounded daily and continuously)

Answer rating: 100% (QA)

To calculate the balance at the end of year 3 with continuous compoundi... View the full answer