Principal of 3000 OMR is invested for 4 years at rate 2.5%. Find the future value if the interest is compounded continuously Select one: O a. 3311.438 OMR O b. 3315.512 OMR O c. 8154.845 OMR O d. None of the above

Principal of 3000 OMR is invested for 4 years at rate 2.5%. Find the future value if the interest is compounded continuously Select one: O a. 3311.438 OMR O b. 3315.512 OMR O c. 8154.845 OMR O d. None of the above

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section4.17: Amortized Loans

Problem 1ST

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Question

Principal of 3000 OMR is invested for 4 years at rate 2.5%. Find the future
value if the interest is compounded continuously
Select one:
O a. 3311.438 OMR
O b. 3315.512 OMR
O c. 8154.845 OMR
O d. None of the above

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