A sum of money s will be received 10 years from now, Business Economics

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A sum of money s will be received 10 years from now

A sum of money (S) will be received 10 years from now. Compounded at a 10% annual (or nominal) interest rate the Present Worth of this is $38.55. (a) What is S? (b) What would S be, if the money were compounded continuously? (c) What is the Equivalent Uniform Annual Amount (A)?

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Business Economics: A sum of money s will be received 10 years from now

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Business Economics: A sum of money s will be received 10 years from now

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