Question: Compute the future value of $2,500 continuously compounded for: a. 6 years at an annual percentage rate of 12 percent. (Do not round intermediate calculations
Compute the future value of $2,500 continuously compounded for:
a. 6 years at an annual percentage rate of 12 percent. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. 4 years at an annual percentage rate of 11 percent. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
c. 12 years at an annual percentage rate of 5 percent. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
d. 10 years at an annual percentage rate of 7 percent. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
