Question: Use the continuous compound interest formula to find the indicated value. A = $25,124; P = $14,500; t = 72 months; r = ? r

Use the continuous compound interest formula to find the indicated value.

A = $25,124; P = $14,500; t = 72 months; r = ?

r = _____ %

(round to the three decimal places as needed.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!