How much money must be invested today
Question 1: How much money must be invested today at 5% compounded continuously so that in 10 years it is worth $10000?Question 2: How long will it take $X to triple at an interest rate of 8% compounded continuously?
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How much money must be invested today at 5% compounded continuously so that in 10 years it is worth $10000?
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If you buy the note, what rate of interest will you receive on this investment (to nearest %)
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