Powero C Continuoos Compounding In l 820, a William Record of London deposited $0.50 (or its equivalent in English pounds) for his granddaughter in the Bank of London. Unfortunately, he died before he could tell his granddaughter about the account. One hundred sixty years later, in 1980. the granddaughter's heirs discovered the account What was the value of the account ifthe bank paid 6% compounded continuously?

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Powero C Continuoos Compounding In l 820, a William Record of London deposited $0.50 (or its equivalent in English pounds) for his granddaughter in the Bank of London. Unfortunately, he died before he could tell his granddaughter about the account. One hundred sixty years later, in 1980. the granddaughter's heirs discovered the account What was the value of the account ifthe bank paid 6% compounded continuously?

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