Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Future Value=3000, Present Value=1000, interest rate=8%, Compoundings p.y =365, solve for Time. In In 2009 Inc b. d. 365* 365*In 365*1n*(1+ 365*In(1+ In(1+ 3000

image text in transcribed

2. Future Value=3000, Present Value=1000, interest rate=8%, Compoundings p.y =365, solve for Time. In In 2009 Inc b. d. 365* 365*In 365*1n*(1+ 365*In(1+ In(1+ 3000 3000 1000 1+.08 365 a. C. 1000 .08 365 In 1000 .08 365 1000 .08 365

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Cyber Attack Survival Manual

Authors: Heather Vescent ,Nick Selby

1st Edition

1681886545, 978-1681886541

More Books

Students also viewed these Finance questions

Question

How are his products distributed (through what channels)?

Answered: 1 week ago