Question
How much will $100 grow to if invested at a continuously compounded interest rate of 9.25% for 9 years? What is the future value? Future
| How much will $100 grow to if invested at a continuously compounded interest rate of 9.25% for 9 years? What is the future value? |
| Future value | $ |
| b. | What if it is invested for 9.25 years at 9%?(Do not round intermediate calculations. Round your answer to 2 decimal places.) What is the future value? |
| Future value | $ |
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Fundamentals of Financial Management
Authors: Eugene F. Brigham
Concise 9th Edition
1305635937, 1305635930, 978-1305635937
