A promissory note will pay $50,000 at maturity 9 years from now. If you pay $20,000 for the note now, what rate compound

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

A promissory note will pay $50,000 at maturity 9 years from now. If you pay $20,000 for the note now, what rate compound

Post by answerhappygod »

A Promissory Note Will Pay 50 000 At Maturity 9 Years From Now If You Pay 20 000 For The Note Now What Rate Compound 1
A Promissory Note Will Pay 50 000 At Maturity 9 Years From Now If You Pay 20 000 For The Note Now What Rate Compound 1 (13.3 KiB) Viewed 89 times
A promissory note will pay $50,000 at maturity 9 years from now. If you pay $20,000 for the note now, what rate compounded continuously would you earn? .... The investment would earn about % compounded continuously. (Round to three decimal places as needed.)
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”