3. You contacted the bank, which told you that starting in 1960, it
credited interest quarterly instead of annually. How much does this
add to the value of the CD?
4. What is the equation for the compound value of 1, at interest rate i,
for t years, compounded n times per year?
5. Your mother bought a U.S. savings bond in 1943, paying $18.75 for a
bond that matured at $25 10 years later. What rate did she earn?
SUGGESTIONS FOR FURTHER STUDY
For differential equations, the following is a well-known and widely used text: Boyce, William E.,
and DiPrima, Richard C., Elementary Differential Equations and boundary Value Problems, 6th
ed., John Wiley & Sons, New York, 1997.
For numerical analysis, the author has used: Conte, S. D., and de Boor, Carl, Elementary ...