Mathematics, 12.02.2020 00:26 darianhaynes
You find an interest rate of 10% compounded quarterly. Calculate how much more money you would have in your pocket if you had used an account compounded continuously with the same interest rate and principal. Round to the nearest cent and do not include the dollar sign.
NOTE: I only need the formula for this.
Answers: 1
![A=P[(1.025)^{4}]^{t}](/tpl/images/0507/5318/0b0f4.png)
![A=P[(e)^{0.10}]^{t}](/tpl/images/0507/5318/82cb3.png)
----> Additional amount of money you would have in your pocket if you had used a continuously compounded account with the same interest rate and the same principal. 
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You find an interest rate of 10% compounded quarterly. Calculate how much more money you would have...
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