Question: can you show me how to set this up on excel? also can you tell if the name of this question is a future value
can you show me how to set this up on excel? also can you tell if the name of this question is a future value of a single payment or something else?
Q7. Assume that Jake Duos (F382, Fa'06) has identified an interest-bearing account that will earn a 3.75% p.a., that is continuously-compounded. If Jake deposits $10,000 into this account what will it be worth at the end of year five? Answer: $12,062.30
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