Question: please show work! bl. F=Pelt, which assumes continuous compounding, says that the Future value (F) of an amount (P) invested today at an annual rate
please show work!
bl. F=Pelt, which assumes continuous compounding, says that the Future value (F) of an amount (P) invested today at an annual rate (r), expressed as a decimal for the time (t) in years, is given by the function EXAMPLE: invest $100 at the annual rate of 5 1/2% for 6 years and 3 months and you should get back (at the end of the time), F=$100e
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