Suppose that P dollars in principal is invested for t years at the given interest rates with continuous compou amount that the investment is worth at the end of the given time period. P=$10,000, t= 10 yr a) 3% interest (b) 4% interest (c) 6.5% interest

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Suppose thatP dollars in principal is invested for t years at the given interest rates with continuous compoun
amount that the investment is worth at the end of the given time period.
P=$10,000, t=10 yr
(a) 3% interest
(b) 4% interest
(c) 6.5% interest
Part: 0 /3
Part 1 of 3
(a) At 3% interest rate, the investment will be worth $
at the end of 10 yr.
Transcribed Image Text:Suppose thatP dollars in principal is invested for t years at the given interest rates with continuous compoun amount that the investment is worth at the end of the given time period. P=$10,000, t=10 yr (a) 3% interest (b) 4% interest (c) 6.5% interest Part: 0 /3 Part 1 of 3 (a) At 3% interest rate, the investment will be worth $ at the end of 10 yr.
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