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Problem 2-40 Continuous compounding a. How much will you have at the end of 22 years if you invest $230 today at 12% annually
Problem 2-40 Continuous compounding a. How much will you have at the end of 22 years if you invest $230 today at 12% annually compounded? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b. How much will you have if you invest at 12% continuously compounded? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. a. Future value b. Future value
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