1. How does "secularization" secure overall risk.
2. Suppose that 17 years ago, you borrowed a certain amount of money. The loan had an annual interest rate of 4.8% with continuous compounding, and today you repaid a total of $74398.
How much interest did you pay on this loan, as a percentage of how much you borrowed?
3. How many years will it take to double the debt of a loan whose annual rate is 3.5% with continuous compounding? In this question, solve for t in FV = PVe^rt.