Question: What is the future worth of an equal payment series of $3,000 each quarter for 5 years if the interest rate is 8%/year compounded continuously?
What is the future worth of an equal payment series of $3,000 each quarter for 5 years if the interest rate is 8%/year compounded continuously?
a. $73,037
b. $72,892
c. $70,862
d. $70,399
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