Assume continuously compounded interest at rate r. You plan to borrow 1,000 today, 2,000 one year from
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Assume continuously compounded interest at rate r. You plan to borrow 1,000 today, 2,000 one year from today, 3,000 two years from today, and then pay off all these loans three years from today. How much will you have to pay?
Related Book For
Financial Management Principles and Applications
ISBN: 978-0133423822
12th edition
Authors: Sheridan Titman, Arthur Keown, John Martin
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