John makes an investment to a bank with a continuously compounded interest rate. a. Find the value
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Question:
John makes an investment to a bank with a continuously compounded interest rate.
a. Find the value of the investment after t years.
b. How much would the interest rate be if after 5 years he will have twice what he invested?
c. If John invests $1200, in how much time will he have a value of $1400, if the interest rate is 5%?
Related Book For
Principles of Corporate Finance
ISBN: 978-0077404895
10th Edition
Authors: Richard A. Brealey, Stewart C. Myers, Franklin Allen
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