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1. What is the future value of $5,000 in 200 days? Assume 252 trading days in a year (because the market is not open on
1. What is the future value of $5,000 in 200 days? Assume 252 trading days in a year (because the market is not open on holidays and weekends) and an APR of 10% with continuous compounding.
2. What is the present value of $56,000 expected to be received in 20 weeks? Assume an APR of 12% with continuous compounding.
Hint: there are 52 weeks in a year.
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