Question
How much money should I invest today to have $ 40,000 after 6 years, if the yield is 8% per year compounded bi-monthly? A bank
How much money should I invest today to have $ 40,000 after 6 years, if the yield is 8% per year compounded bi-monthly? A bank offers you two types of investment. The first type of investment pays 6% interest compounded monthly; while in the second type of investment it pays 4% compound interest with continuous capitalization. Considering the term of 1 year, which of the 2 types of investment generates the highest final amount, and consequently yield? Assume an initial investment of $ 100 dollars. The company has a car for $ 284,000 pesos, it depreciates exponentially at a rate of 5.5% each year. He proposes a formula to calculate the value of the car as a function of time. Use the formula to calculate the value of the vehicle after 6 years
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