If the present value of an item is P and we experience an inflation rate of r, which is compounded continuously, for t years, what will the future value of the item be?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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ce
If the present value of an item is P and
we experience an inflation rate of r,
which is compounded continuously, for
t years, what will the future value of the
item be?
P = $100
Q Search
r = 4% t = 15
Round your answer to the nearest cent (hundredth).
Enter
DELL
prtsc
home
end
Transcribed Image Text:ce If the present value of an item is P and we experience an inflation rate of r, which is compounded continuously, for t years, what will the future value of the item be? P = $100 Q Search r = 4% t = 15 Round your answer to the nearest cent (hundredth). Enter DELL prtsc home end
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