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  • Interes

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    Jose Fernando Miranda
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    This document contains calculations of compound interest on an initial principal of $1000 with an annual interest rate of 12% compounded trimestrally, monthly, and daily over a period of 3 years. The results are $1425.76 for trimestral compounding, $1430.77 for monthly compounding, and $1433.24 for daily compounding, showing that more frequent compounding leads to higher total interest earned.

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    interes

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    This document contains calculations of compound interest on an initial principal of $1000 with an annual interest rate of 12% compounded trimestrally, monthly, and daily over a period of 3 years. The results are $1425.76 for trimestral compounding, $1430.77 for monthly compounding, and $1433.24 for daily compounding, showing that more frequent compounding leads to higher total interest earned.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    4 views2 pages

    Interes

    Uploaded by

    Jose Fernando Miranda
    This document contains calculations of compound interest on an initial principal of $1000 with an annual interest rate of 12% compounded trimestrally, monthly, and daily over a period of 3 years. The results are $1425.76 for trimestral compounding, $1430.77 for monthly compounding, and $1433.24 for daily compounding, showing that more frequent compounding leads to higher total interest earned.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    C.

    trimestral (n=4)

    ( )
    nt
    r
    A ( t )=P 1+
    n

    ( )
    4∗3
    0.12
    A ( 3 )=1000 1+
    4

    A ( 3 )=1425.76

    d. Mensual (n=12)

    ( )
    nt
    r
    A ( t )=P 1+
    n
    ( )
    12∗3
    0.12
    A ( 3 )=1000 1+
    12

    A ( 3 )=1430.77

    e. Diario (n=365)

    ( )
    nt
    r
    A ( t )=P 1+
    n

    ( )
    365∗3
    0.12
    A ( 3 )=1000 1+
    365

    A ( 3 )=1433.24

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