Question
What is the continuously compounded rate that is equivalent to an annual percentage rate (APR) of 10%? Use both the compound interest formula and the
What is the continuously compounded rate that is equivalent to an annual percentage rate (APR) of 10%?
Use both the compound interest formula and the continuous compounding formula to calculate the value of an investment of £1,000 at a return of 10% pa after 2 years and 3 months.
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Contemporary Engineering Economics
Authors: Chan Park
6th Edition
0134105591, 9780134105598
