Question: a . How much will $ 1 0 0 grow to if invested at a continuously compounded interest rate of 1 2 . 2 5

a. How much will $100 grow to if invested at a continuously compounded interest rate of 12.25% for 8 years?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
b. How much will $100 grow to if invested at a continuously compounded interest rate of 8% for 12.25 years?
Note: Do not round intermediate calculations. Round your answer to 2 deimal places.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!