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question 1 : What is the value of 600 dollar at 12 percent interest for 7 years compounded continuosly ?  a) 1326.41 dollar b) 1389.82 dollar c) 1372.76 dollar d) 1356.54 dollar

question 1 : What is the value of 600 dollar at 12 percent interest for 7 years compounded continuosly ?  a) 1326.41 dollar b) 1389.82 dollar c) 1372.76 dollar d) 1356.54 dollar

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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question 1 : What is the value of 600 dollar at 12 percent interest for 7 years compounded continuosly ? 

a) 1326.41 dollar

b) 1389.82 dollar

c) 1372.76 dollar

d) 1356.54 dollar 

 

question 2 : A car retail store reduces prices by 15 percent each year until the cars are sold. What will a 170000 dollar car sell for in 7 years ?

a) 54498.10

b) 54598.10

c) 54398.10

d) 54398.10

 

question 3: If population of a city grows at 2.6 percent, how long will it take to double ?

a) 28.8811

b) 27.7259

c) 26.6595

d) 30.1368

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