Question
Can you help me with this question? Thankyouuuu 1.Suppose that a savings account pays 6% annual interest, compounded continuously. How much must be invested now
Can you help me with this question? Thankyouuuu
1.Suppose that a savings account pays 6% annual interest, compounded continuously. How much must be invested now to have $100,000 in the account 30 years from now?
2.If a loan shark charges 80% interest, compounded continuously, what effective annual interest rate is being charged?
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Managerial Economics And Financial Analysis
Authors: M.S. Bhat, A.V. Rau
1st Edition
9352300211, 978-9352300211
