Problema Solution
$33,500 invested at 6.9% for 30 years interest compounded every minute (N=525600)
Answer provided by our tutors
$33,500 invested at 6.9% for 30 years interest compounded every minute (N=525600)
Rate r = 6.9/(365*24*60) % Per minute = 23/1752000 = 1.3128X10-5
A = 33500(1+r/100)525600 = 35893.11 Ans