n 1815, a person sold a house to a lady for $30. If the lady had put the $30 into a bank account paying 4% interest, how much would the investment have been worth in the year 2011 if interest were compounded in the following ways? a) monthly b)continuosly
n 1815, a person sold a house to a lady for $30. If the lady had put the $30 into a bank account paying 4% interest, how much would the investment have been worth in the year 2011 if interest were compounded in the following ways? a) monthly b)continuosly
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 25PROB
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in 1815, a person sold a house to a lady for $30. If the lady had put the $30 into a bank account paying 4% interest, how much would the investment have been worth in the year 2011 if interest were compounded in the following ways?
a) monthly
b)continuosly
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