cecilia
Staff member
Okay, i need help calculating this daily compound interest problem.
I've tried all the methods that i know of and so far, none seem right
What I need to do is find out the total compound amount of this problem by the end of the mature date (15 years)
The formula I've used was M=P(1+i) to the power of N.
Here's what you'll need.
1. my deposit amount is 30,000
2. the interest rate is 5%
3. it'll go on a 15 years period
Can someone help?
my head is spinning in circle at this late of an hour.
thanks in advance to whoever can help me out ..
I've tried all the methods that i know of and so far, none seem right
What I need to do is find out the total compound amount of this problem by the end of the mature date (15 years)
The formula I've used was M=P(1+i) to the power of N.
Here's what you'll need.
1. my deposit amount is 30,000
2. the interest rate is 5%
3. it'll go on a 15 years period
Can someone help?
my head is spinning in circle at this late of an hour.
thanks in advance to whoever can help me out ..