If the $150,000 had been compounded continuously for 10 years at interest rate r, the balance would be 150,000er#10. The question is at what value of r will the balance be $400,000?
If the $150,000 had been compounded continuously for 10 years at interest rate r, the balance would be 150,000er#10. The question is at what value of r will the balance be $400,000?
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 14EB: How much must be invested now to receive $50,000 for 8 years if the first $50,000 is received in one...
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If the $150,000 had been compounded continuously for 10 years at interest rate r, the balance would be 150,000er#10. The question is at what value of r will the balance be $400,000?
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