Please check this. Am I misreading your problem statement? AFAIK my code here implements the standard formula.
to clarify what you are doing is a yearly compounded interest, what is asked is continuously compounded interest rate!
Ah. Thank-you. That was the part I wasn't getting. For the benefit of others: . . . "Continuous compounding is the mathematical limit that compound interest can reach. It is an extreme case of compounding since most interest is compounded on a monthly, quarterly or semiannual basis. Hypothetically, with continuous compounding, interest is calculated and added to the account's balance every infinitesimally small instant. While this is not possible in practice, the concept of continuously compounded interest is important in finance." (investopedia.com) . . . Also there is a nice explanation at moneychimp.com .
All your base are belong to us
Back to basics 1 - Saving
Who knows the last digit of pi?
Narcissistic number ?
Multiply by 3
Matrix to vector transformation
what's my tax amount this year ?
basic finance application
Problem 44444 !!! free beer everyone
Jack's hand in "Titanic" ♤
Choose a web site to get translated content where available and see local events and offers. Based on your location, we recommend that you select: .
You can also select a web site from the following list:
Select the China site (in Chinese or English) for best site performance. Other MathWorks country sites are not optimized for visits from your location.
Contact your local office