Question
What annual rate with continuous compounding would be required for a debt of $1,430 to grow into $3,094 in 17.2 years? In this question you
What annual rate with continuous compounding would be required for a debt of $1,430 to grow into $3,094 in 17.2 years?
In this question you will need to solve for r in FV = PVert. Start by dividing both sides by PV. Then use logarithms to "bring down" the exponent.
Round your answer to the nearest tenth of a percent.
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The Critical Handbook Of Money Laundering Policy Analysis And Myths
Authors: Petrus C. Van Duyne, Jackie H. Harvey, Liliya Y. Gelemerova
1st Edition
1137523972, 978-1137523976
