Mathematics, 28.10.2019 22:31 dan7478

Consider the case of a bank offering r (given as a decimal) interest per year compounded monthly, if you deposit $p.
a. what is the interest rate per month?
b. write a formula for the amount a you have after nn months.
c. write a formula for the number of months it takes to have a dollars.
d. what is the doubling-time of an investment earning 7% interest per year, compounded monthly? round up to
the next month.

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Consider the case of a bank offering r (given as a decimal) interest per year compounded monthly, if...