Trig
Card Set Information
Author:
Kimmiey
ID:
133303
Filename:
Trig
Updated:
2012-02-06 20:01:45
Tags:
trig
Folders:
Description:
trig
Show Answers:
formula for compound interest
what does A, P, R, N, and T in the formulas represent
Amount=Principal(1+(Rate / Number of Compound Periods))
^{Number of Compound Periods * Time}
Formula for continous compounding
A=Pe
^{rt}
What do the letters stand for in continous componding?
Amount=Principle*e
^{rate*}
^{time}
compounding quarterly
4
compounding monthly
12
compounding daily
365
compounding every minute
525600