Question
You need $15,400 in three years. How much do you need to deposit today to fund this need if you can earn 5 percent per
You need $15,400 in three years. How much do you need to deposit today to fund this need if you can earn 5 percent per year, compounded continuously? Assume this is the only deposit you make.
A) $13,506
B) $13,049
C) $14,179
D) $13,255
E) $12,916
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Finance And Economics Discussion Series Expectations Learning And The Costs Of Disinflation Experiments Using The FRB US Model
Authors: United States Federal Reserve Board, Antulio Bomfim
1st Edition
1288721609, 9781288721603
