Suppose that $10.000 is invested in a bond fund and the account grows to $14.418.24 in 4 yr. Part: 0/2 Part 1 of 2 (a) Use the model A = Pe to determine the average rate of return under continuous compounding. Round to the nearest tenth of a percent. Avoid rounding in intermediate steps. werden k The average rate of return under continuous compounding is approximately S

Suppose that $10.000 is invested in a bond fund and the account grows to $14.418.24 in 4 yr. Part: 0/2 Part 1 of 2 (a) Use the model A = Pe to determine the average rate of return under continuous compounding. Round to the nearest tenth of a percent. Avoid rounding in intermediate steps. werden k The average rate of return under continuous compounding is approximately S

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.1: Exponential Functions

Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...

See similar textbooks