What will the final sum be after five years


Problem

1. Stocks of resource R are shrinking continually at an annual rate of 8.5%. How much will remain in 30 years' time if current stocks are 725,000 units?

2. If e25,000 is deposited in an account where interest is credited on a daily basis that can be approximated to the continuous accumulation of interest at a nominal annual rate of 4.5%, what will the final sum be after five years?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What will the final sum be after five years
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