The value of ,
and t = 10 years.
.
Formula for n compoundings per year : .
for 1 compounding per 10 years, the balance is :
\For 2 compounding per 10 years, the balance is :
\
For 4 compounding per 10 years, the balance is :
\
For 12 compounding per 10 years, the balance is :
\
For 365 compounding per 10 years, the balance is :
\
Balance for continuous compounding is : .
The table for compound interest is :
\n | \1 | \ \
2 \ | \
\
4 \ | \
\
12 \ | \
365 | \Continuous | \
\
A \ | \
\
$3526.49 \ | \
\
$3536.94 \ | \
\
$3542.27 \ | \
\
$3538.79 \ | \
\
$3547.6 \ | \
$3547.66 | \
The table for compound interest is :
\n | \1 | \ \
2 \ | \
\
4 \ | \
\
12 \ | \
365 | \Continuous | \
\
A \ | \
\
$3526.49 \ | \
\
$3536.94 \ | \
\
$3542.27 \ | \
\
$3538.79 \ | \
\
$3547.6 \ | \
$3547.66 | \