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Question 5 (10 points) How much should Sara invest in a fund that pays 9%, compounded continuously, if she wishes to have $600,000 in the
Question 5 (10 points) How much should Sara invest in a fund that pays 9%, compounded continuously, if she wishes to have $600,000 in the fund at the end of 10 years? Your Answer: Answer Question 6 (10 points) A firm invested $X in year zero and the same amount ($X) in year seven at an interest rate of 10%. If the firm received $15,000 as return on these two investments in year ten, what was the value of X? 3281.65 3821.65 4450.35 7500.00
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