📄 02c04-4.php
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<?php// Calculating Continuous Compound Interest:// a = the initial amount you are calculating from// r = the annual percentage rate// y = the number of years you wish to calculate this for:function calc_continuous_compound_interest($a, $r, $y) { return $a * pow(M_E, $r * $y);}// Calculate the value of $5000, at 3.25% interest, compounded daily, // for 3 years. Answer: 5512.0572078166echo calc_continuous_compound_interest(5000, .0325, 3), '<br />';// Calculate the value of $1000, at 8.5% interest, compounded monthly,// for 6 months. Answer: 1043.4160563737echo calc_continuous_compound_interest(1000, .085, .5);?>
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