Question: Help A promissory note will pay $56,000 at maturity 6 years from now. If you pay $30,000 for the note now, what rate compounded continuously
Help

A promissory note will pay $56,000 at maturity 6 years from now. If you pay $30,000 for the note now, what rate compounded continuously would you earn? The investment would eam about % compounded continuously. (Round to three decimal places as needed.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
