Question
a. How much will $100 grow to if invested at a continuously compounded interest rate of 10.25% for 9 years? (Do not round intermediate calculations.
| a. | How much will $100 grow to if invested at a continuously compounded interest rate of 10.25% for 9 years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Future value | $ |
| b. | What if it is invested for 10.25 years at 9%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Future value | $ |
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Quantitative Analysis For Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Hale
14th Edition
