Calculate the Future value with continuous Compounding when the Principal is $ P, nominal rate is j, compounded mtimes a year for t years. my answer was FV=P(1+\frac{j}{m}) ^{mt}FV=P(1+mj)mt P=Present worth (Principal) j(nominal rate)= \frac{j}{m}mj is the interest per compounding period t (time) = mt is the number of compounding periods. instructions please correct m,y answer because its wrong

Calculate the Future value with continuous Compounding when the Principal is $ P, nominal rate is j, compounded mtimes a year for t years. my answer was FV=P(1+\frac{j}{m}) ^{mt}FV=P(1+mj)mt P=Present worth (Principal) j(nominal rate)= \frac{j}{m}mj is the interest per compounding period t (time) = mt is the number of compounding periods. instructions please correct m,y answer because its wrong

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 12MC: (1) What is the value at the end of Year 3 of the following cash flow stream if the quoted interest...

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