How much should you be willing to pay for an account today that will have a value of $1,000 in 24 years under continuous compounding if the nominal rate is 8.20%?
A) $111.79
B) $139.74
C) $156.50
D) $171.88
E) $167.68

Name: How much should you be willing to pay for an account today that will have a value of $1,000 in 24 years under continuous compounding if the nominal rate is 8.20%? A) $111.79 B) $139.74 C) $156.50 D) $171.88 E) $167.68
Brand: Quizplus
Rating: 4.8 (35 reviews)

Question

Quizplus · Accepted Answer

The Answer is B

How Much Should You Be Willing to Pay for an Account