A person is offered a payment of £9,730 in one year in return for an investment of £8,640 now. Calculate (i) the percent
Posted: Mon Jan 17, 2022 8:07 am
A person is offered a payment of £9,730 in one year in return
for an investment of £8,640 now.
Calculate (i) the percentage return per annum (to 2 decimal
places) with continuous compounding and (ii) the amount the person
will have in the account (to the nearest £10) if they receive the
rate of return calculated in part (i) for a total of 5 years from
now?
for an investment of £8,640 now.
Calculate (i) the percentage return per annum (to 2 decimal
places) with continuous compounding and (ii) the amount the person
will have in the account (to the nearest £10) if they receive the
rate of return calculated in part (i) for a total of 5 years from
now?