Question
Continuous compounding For the case in the following table, Amount of initial deposit 3,000 Nominal annual rate, r 9 Deposit period (years), n 14 find
Continuous compounding
For the case in the following table,
| Amount of initial deposit 3,000 | Nominal annual rate, r 9 | Deposit period (years), n 14 |
find the future value at the end of the deposit period, assuming that interest is compounded continuously at the given nominal annual rate.
The future value at the end of the deposit period is $?. (Round to the nearest cent.)
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
