20) What is the end value of investing $9,000 for 7 years at a continuously compounded rate of 11%? 21) You are to receive $75 per year indefinitely. The market rate of interest for these types of payments is 8%. The price you would pay for this stream is?
20) What is the end value of investing $9,000 for 7 years at a continuously compounded rate of 11%? 21) You are to receive $75 per year indefinitely. The market rate of interest for these types of payments is 8%. The price you would pay for this stream is?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:20)
11%2
What is the end value of investing $9,000 for 7 years at a continuously compounded rate of
21) You are to receive $75 per year indefinitely. The market rate of interest for these types of
payments is 8%. The price you would pay for this stream is?
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