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24. A promissory note will pay $58,000 at maturity 8 years from now. If you pay $30,000 for the note now, what rate compounded continuously
24. A promissory note will pay $58,000 at maturity 8 years from now. If you pay $30,000 for the note now, what rate compounded continuously would you earn?
he investment would earn about ___ here% compounded continuously
25. How long will it take money to triple if it is invested at 8% compounded weekly? 5.6% compounded continuously?
Part 1 It will take about __ years at 8% compounded weekly.
(Round to two decimal places as needed.)
It will take about __years at 5.6% compounded continuously
Please help with both questions.
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