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Author Question: Find the future value P of the amountP0invested for time period t at interest rate k, compounded ... (Read 94 times)

deesands

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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 = $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. 

P0 = $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


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Marked as best answer by deesands on Jun 16, 2021

sarahccccc

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deesands

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Reply 2 on: Jun 16, 2021
Wow, this really help


ryhom

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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