Referring to Problem 23, in how many years will the $10,000 be due in order for its
Question:
Problem 23
Solving A = Pert for P, we obtain
P = Ae-rt
which is the present value of the amount A due in t years if money earns interest at an annual nominal rate r compounded continuously.
(A) Graph P = 10,000e~008', 0
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
Question Posted: