Question
1. Find the future value if $25000 is invested at 20% for 15 years compounded continuously? 2. If $ 5000 is borrowed at 20% simple
1. Find the future value if $25000 is invested at 20% for 15 years compounded continuously?
2. If $ 5000 is borrowed at 20% simple interest. What is the total amount to be repaid 90 days later?
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College Mathematics for Business Economics Life Sciences and Social Sciences
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
12th edition
321614003, 978-0321614001
