CALCULUS Understanding Its Concepts and Methods
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The formula for interest compounded annually iswhere
The formula for interest compounded times per year is
The effective annual yield is given bywhere
The formula for continuously compounded interest is given by
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Copyright © 2006 Darel Hardy, Fred Richman, Carol Walker, Robert Wisner. All rights reserved. Except upon the express prior permission in writing, from the authors, no part of this work may be reproduced, transcribed, stored electronically, or transmitted in any form by any method.