Suppose the continuously compounded interest rate this year is 6%, and next year it will be 8%.

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Suppose the continuously compounded interest rate this year is 6%, and next year it will be 8%. What is the balance after two years of $1,000 invested today?

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Contemporary Engineering Economics

ISBN: 978-0136118480

5th edition

Authors: Chan S. Park

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Question Posted: Apr 21, 2016 06:38 AM

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Suppose the continuously compounded interest rate this year is 6%, and next year it will be 8%.

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Contemporary Engineering Economics

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