Question
An investment of $4,000 today is compounded at a nominal annual rate of9% for a period of 7 years. If it could be compounded continuously
An investment of $4,000 today is compounded at a nominal annual rate of9% for a period of 7 years. If it could be compounded continuously instead of annually, how much greater would its future value be?
$220
$180
$230
$198
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Financial Modeling
Authors: Simon Benninga
4th Edition
0262027283, 9780262027281
