what is the future value in 3.1998 years pf a Present value pf $0.86 continuously compounded...
what is the future value in 3.1998 years pf a Present value pf $0.86 continuously compounded at 17.8884%
Homework Answers
We use the formula:
A=P(e)^rn
where
A=future value
P=present value
r=rate of interest
n=time period.
e=2.71828
A=0.86*(2.71828)^(0.178884*3.1998)
=0.86*1.77250294
=$1.52(Approx)
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what is the future value in 3.1998 years pf a Present value pf
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