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Author Question: Suppose you invest $P on a CD paying 3% interest compounded continuously for a term of five years. ... (Read 742 times)

jc611

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on: May 5, 2020

Question 1

Find the future value of a CD paying a 3.75% APR compounded continuously if you invest $5000
for a term of 750 days. Round your answer to the nearest dollar.
◦ $5403
◦ $5401
◦ $5412
◦ $5393
◦ $5373

Question 2

Suppose you invest $P on a CD paying 3% interest compounded continuously for a term of five years. At the end of the term you get $3485.50 from the bank. Find the value of the original principal P. Round your answer to the nearest dollar.
◦ $2995
◦ $3000
◦ $2775
◦ $3005
◦ $3025
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
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Marked as best answer by jc611 on May 5, 2020

Ashley I

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Reply #1 on: May 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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smnewland

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Reply #2 on: Nov 3, 2020
Thank you


Neomesia Djan

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Reply #3 on: Mar 25, 2021
thank you


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