Question
You invest $1,000 in an account today. The interest is 10% p.a., compounded continuously. What will be the balance in the account at the end
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You invest $1,000 in an account today. The interest is 10% p.a., compounded continuously. What will be the balance in the account at the end of five years?
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Suppose you want a balance of $1,000 at the end of five years. If interest on the account is 10% p.a., compounded continuously, how much must you deposit today?
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You deposit $1,000 now, $1,500 in one year, $2,000 in two years and $2,500 in three years in an account paying 10% interest per annum. How much do you have in the account at the end of the third year?
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You deposit $1,500 in one year, $2,000 in two years and $2,500 in three years in an account paying 10% interest per annum. What is the present value of these cash flows?
Can I get detailed answers- on paper(written) to these questions please, would be really appreciated thankss! :D
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