Question: Assume a continuously compounding model, find the present value of a $6,000,000 sports contract over 4 years with an inflation rate of 5%. Answer: $4,369,923.32

Assume a continuously compounding model, find the present value of a $6,000,000 sports contract over 4 years with an inflation rate of 5%. Answer: $4,369,923.32 How long will it take an initial investment to triple assuming continuously compounding model with interest rate 6.6%. Express your answer rounded to 2 decimal places. Answer: It will take 17.93 years to triple the initial investment. How do we get these answers? Please help understand.

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