Question
What annual rate with continuous compounding would be required for a debt of $1,632 to grow into $3,348 in 19.5 years? In this question you
What annual rate with continuous compounding would be required for a debt of $1,632 to grow into $3,348 in 19.5 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.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Investment Risk Management
Authors: Yen Yee Chong
1st Edition
0470849517, 9780470849514
