Thursday, July 16, 2009

Continuous growth and the number e...please help!?

Ok,



so these two I%26#039;m confused on too...it%26#039;s for a PRE-test so it%26#039;s worth really nothing



29. Rank the following three bank deposit options from best to worst.



-Bank A: 7% compounded daily



-Bank B: 7.1% compounded monthly



-Bank C: 7.05% compunded continuously



LASTLY



28.



Three different investments:



a) Find the balance of each of the investments after the 2 year period.



b) rank them from best to worst in terms of rate of return. (PLEASE EXPLAIN WHY ALSO!!!...thanks!)



-A. $875 deposited at 13.5% per year compounded daily for 2 yrs.



-B. $1000 deposited at 6.7% per year compounded continuously for 2 years.



-C. $1050 deposited @ 4.5% per year compounded monthly for 2 yrs.



Please show all work so that i understand it. Thanks!



Continuous growth and the number e...please help!?credit union





If its a pretest its better to be honest and do it yourself. The whole point of a pretest is so the teacher can find out what you are good or bad at. If you get the answers here then the teacher will think that you already know how to do and hence not teach it to you.

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