If you invest $20,000 at an annual rate of 1% compounded continuously, calculate the final amount you will have in the account after 20 years. A) $16,374.62 B) $24,428.05 C) $97,033.04 D) $147,781.12
If you invest $20,000 at an annual rate of 1% compounded continuously, calculate the final amount you will have in the account after 20 years. A) $16,374.62 B) $24,428.05 C) $97,033.04 D) $147,781.12
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 9EB: If you invest $15,000 today, how much will you have in (for further instructions on future value in...
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