If the present value of $1000 to be received in 5 years is $548.80, what rate of interest, compounded continuously, was used to compute this present value?
If the present value of $1000 to be received in 5 years is $548.80, what rate of interest, compounded continuously, was used to compute this present value?
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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If the present value of $1000 to be received in 5 years is $548.80, what rate of interest, compounded continuously, was used to compute this present value?
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