Find the interest earned on a $25,000 deposit for 2 years at 4.7% interest, compounded continuously. Round
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Find the interest earned on a $25,000 deposit for 2 years at 4.7% interest, compounded continuously. Round to the nearest cent.
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Solution The interest is given by iFVPV Where FV is future value and PV is p...View the full answer
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Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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