If an investment earns 9% compounded continuously, how much should you deposit now to have $25,000 (A)
Question:
If an investment earns 9% compounded continuously, how much should you deposit now to have $25,000
(A) 36 months from now?
(B) 9 years from now?
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To calculate the present value of a future amount using continuous compounding ...View the full answer
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Related Book For
Finite Mathematics For Business Economics Life Sciences And Social Sciences
ISBN: 9780134862620
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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