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Continuous compounding of interest is found as i = e^r - 1 Where r-nominal rate per year, decimal a. Suppose $1000 is invested into a
Continuous compounding of interest is found as i = e^r - 1 Where r-nominal rate per year, decimal a. Suppose $1000 is invested into a continuously compounded 8% nominal interest account for 5 years. What is the future amount? b. What if this same problem was an 8%/yr CM problem? What is the future amount
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