3. How much is P5,000 worth in five years in a continuous compounded amount? 4. Considering the Item No. 3, when will the amount triple if nominal interest rate is 5%?

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter16: Interest, Rent, And Profit
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3. How much is P5,000 worth in five years in a continuous compounded amount?
4. Considering the Item No. 3, when will the amount triple if nominal interest rate is 5%?
Transcribed Image Text:3. How much is P5,000 worth in five years in a continuous compounded amount? 4. Considering the Item No. 3, when will the amount triple if nominal interest rate is 5%?
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