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
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
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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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff23d19c5-8196-471f-b970-32409b3a07b3%2F332cf7b7-6a0a-429e-a6ea-54c8b88f4360%2F1ubxbxq_processed.png&w=3840&q=75)
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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