Continuous compounding For the case in the following table, find the future value at the end...
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Continuous compounding For the case in the following table, find the future value at the end of the deposit period, assuming that interest is compounded continuously at the given nominal annual rate. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) The future value at the end of the deposit period is S. (Round to the nearest cent.) Amount of initial deposit $3.300 Nominal annual rate, r 11% HII Deposit period (years), n 3 Continuous compounding For the case in the following table, find the future value at the end of the deposit period, assuming that interest is compounded continuously at the given nominal annual rate. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) The future value at the end of the deposit period is S. (Round to the nearest cent.) Amount of initial deposit $3.300 Nominal annual rate, r 11% HII Deposit period (years), n 3
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Using the formula for continuous compounding Future Value Pern where ... View the full answer
Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
Posted Date:
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