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How much should you be willing to pay for an account today that will have a value of $1,000 in 25 years under continuous compounding
How much should you be willing to pay for an account today that will have a value of $1,000 in 25 years under continuous compounding if the nominal rate is 11.90%?
a. $67.31
b. $251.57
c. $887.81
d. $51.05
e. $60.15
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