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Compound Interest

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Uploaded by on Dec 15, 2010

Worked problem in calculus. Given an initial investment of $1000 and a nominal annual interest rate of 5%, compute the amount accrued after 10 years by compounding annually, monthly, daily, and continuously. Find the time to double the initial investment if compounding is annual or continuous.

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Uploader Comments (MathDoctorBob)

  • Thank You very much Bob, Haha I wish my teacher was as thorogh as you.

  • @HoldMyCat You're welcome! That is one advantage to videos. It wouldn't work so well in a real classroom. - Bob

  • Great Video! Thanks!

  • @MrErwanL You're welcome!  - Bob

  • Thanks for the great video. I really do feel you deserve more views. :D

  • @daniyalbasketball You're welcome, and thanks for the kind words! I'll get there: today is the channel's first birthday. - Bob

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  • thanks...

    

  • thanks dude

  • @TheDarkClaw128 You're welcome. Thanks for the comment, and good luck with exams.

  • Your video has just saved me from failing a college algebra test tommorrow.

    Thank you so much please keep up the good work!

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