Math Homework need it tomorrow work it out in detail please of how you got calulations 7 problems 7 dollars

Need your ASSIGNMENT done? Use our paper writing service to score better and meet your deadlines.


Order a Similar Paper Order a Different Paper

Assignment 2: LASA 1: Compound Interest

A common component of investing money is to take advantage of a financial institution’s willingness to pay compound interest. Compound interest is basically interest paid on a deposit that continually accumulates interest. In general, the formula for compound interest can be represented by the following exponential function:



In this formula, P(t) represents the total money in the account after t years given the interest rate k which is compounded continuously. In this assignment, you will use this formula to explore the affect that compound interest can have over a period of time and at different interest rates.

Directions:

  1. Select an amount of money that you would like to invest (for example $1000.00). This will be your P0 value.
  2. Let your interest rate be k = 0.5%.
  3. Write out the exponential function using the P0 and k values you have.
  4. Determine the value of your investment after 1, 5, and 10 years.
  5. Now, find the doubling time T for your investment. In other words, at what time would your initial deposit double in value?
  6. Repeat steps 3 through 5 for k = 1%.
  7. Repeat steps 3 through 5 for k = 1.5%.

"Is this question part of your assignment? We can help"

ORDER NOW

Do you need help with this or a different assignment? We offer CONFIDENTIAL, ORIGINAL (Turnitin/LopesWrite/SafeAssign checks), and PRIVATE services using latest (within 5 years) peer-reviewed articles. Kindly click on ORDER NOW to receive an A++ paper from our masters- and PhD writers.

Get a 15% discount on your order using the following coupon code SAVE15


Order a Similar Paper Order a Different Paper