Answer to Question #5874 in Action Script | Flash | Flex | ColdFusion for ibrahim

Question #5874
Daphne invests $100 at 10% simple interest. (That is, every year, the investment earns an interest equal to 10% of the original investment). Deirdre invests 100% at 5% interest compounded annually. (That is, interest is 5% of the current balance, including previous addition of interest.) Write a program that finds how many years it takes for the value of Deirdre’s investment to exceed the value of Daphne’s investment. Also show the two values at the same time
0
Expert's answer

Answer in progress...

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS