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Author Question: Find the future value P of the amountP0invested for time period t at interest rate k, compounded ... (Read 51 times)

Yolanda

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Question 1

Find the future value P of the amount P0 invested for time period t at interest rate k, compounded continuously. 

P0 = $92,000, t = 4 yr, k = 3%
◦ $349,017.45
◦ $103,729.71
◦ $194,764.00
◦ $250,081.93

Question 2

Find the future value P of the amount P0 invested for time period t at interest rate k, compounded continuously. 

P0 = $70,000, t = 3 yr, k = 5%
◦ $81,328.40
◦ $80,500.00
◦ $81,428.40
◦ $81,033.75


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Marked as best answer by Yolanda on Jun 16, 2021

Bison

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Yolanda

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Reply 2 on: Jun 16, 2021
YES! Correct, THANKS for helping me on my review


jordangronback

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Reply 3 on: Yesterday
Excellent

 

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