For how many years must an investment of Php63,000 provide a continuous flow of funds at the rate of Php16,000 per year so that nominal rate of 10% continuously compounded, will be earned? b) 4 yrs c) 6 yrs a) e) not here 5 yrs d) 3 yrs

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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For how many years must an investment of Php63,000 provide a continuous flow of funds at the rate of Php16,000 per year so that nominal rate of 10% continuously compounded, will be earned?

For how many years must an investment of Php63,000 provide a continuous flow of funds at the rate of Php16,000 per
year so that nominal rate of 10% continuously compounded, will be earned?
d) 3 yrs
a) 5 yrs
b) 4 yrs
c) 6 yrs
e) not here
Transcribed Image Text:For how many years must an investment of Php63,000 provide a continuous flow of funds at the rate of Php16,000 per year so that nominal rate of 10% continuously compounded, will be earned? d) 3 yrs a) 5 yrs b) 4 yrs c) 6 yrs e) not here
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