n investor deposits £1,000 into an account that pays continuously compounded interest of 9% (nominal annual rate). The value of the account at the end of six years is closest to: A. £1,677. B. £1,712. C. £1,716. Use excel
n investor deposits £1,000 into an account that pays continuously compounded interest of 9% (nominal annual rate). The value of the account at the end of six years is closest to: A. £1,677. B. £1,712. C. £1,716. Use excel
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 10PROB
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An investor deposits £1,000 into an account that pays continuously
compounded interest of 9% (nominal annual rate). The value of the account at the end of six years is closest to:
A. £1,677.
B. £1,712.C. £1,716.
Use excel
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