CHAPTER 21

If the account earns 9% compounded continuously, how much is in the account today? a. $ 23,456. b. $ 58,275. c. $171,600. d. $ 59,627. e. $ 61,385. FV continuous compounding Answer: a MEDIUM. 2A-. Assume one bank offers you a nominal annual interest rate of 6% compounded daily while another bank offers you continuous compounding at a 5.9% ... ................
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