10. Each year a single payment of P5000 is deposited in an account that earns 16% compounded continuously. What is the amount in the account immediately after the 5th payment?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 10PROB
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10. Each year a single payment of P5000 is deposited in an account that earns 16%
compounded continuously. What is the amount in the account immediately after the 5th
payment?
Transcribed Image Text:10. Each year a single payment of P5000 is deposited in an account that earns 16% compounded continuously. What is the amount in the account immediately after the 5th payment?
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