Question 1
Find the future value P of the amount P0 invested for time period t at interest rate k, compounded continuously.
P
0 = $77,000, t = 5 yr, k = 5.7%
◦ $102,391.68
◦ $102,491.68
◦ $89,950.00
◦ $73,990.00
Question 2
Find the future value P of the amount P0 invested for time period t at interest rate k, compounded continuously.
P
0 = $1,580,000, t = 15 yr, k = 3.1%
◦ $2,515,382.42
◦ $1,942,724.78
◦ $76,128,663.25
◦ $199,563,907.55