Present value. A promissory note will pay $65,000 at maturity 9 years from now. How much should you be willing to pay for the note now if money is worth 4.5% compounded continuously? $ (Round to the nearest dollar.)
Present value. A promissory note will pay $65,000 at maturity 9 years from now. How much should you be willing to pay for the note now if money is worth 4.5% compounded continuously? $ (Round to the nearest dollar.)
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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