Money is deposited in a bank that compounds it continuously at the nominal rate of 0.05. If one wishes to have P 10,000

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: 899604
Joined: Mon Aug 02, 2021 8:13 am

Money is deposited in a bank that compounds it continuously at the nominal rate of 0.05. If one wishes to have P 10,000

Post by answerhappygod »

Money Is Deposited In A Bank That Compounds It Continuously At The Nominal Rate Of 0 05 If One Wishes To Have P 10 000 1
Money Is Deposited In A Bank That Compounds It Continuously At The Nominal Rate Of 0 05 If One Wishes To Have P 10 000 1 (23.41 KiB) Viewed 40 times
Money is deposited in a bank that compounds it continuously at the nominal rate of 0.05. If one wishes to have P 10,000 in 8 years, how much should one deposit now? a) P 7,105.4 b) P 5,835.8 c.) P 8,210.5 d.) P 6,703.2 None
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”