If $8500 is invested at 11.5% compounded continuously, the future value S at any time t (in
Question:
S = 8500e0.115t
(a) What is the amount after 18 months?
(b) How long before the investment doubles?
Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...
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Related Book For 
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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