bewellplus.gsu.edu
ejaabhigg7yles ejaabhigg7yles
  • 03-03-2017
  • Mathematics
Answered

A promissory note will pay $40,000 at maturity 6 years from now. how much should you be willing to pay for the note now if money is worth 4.25% compounded​ continuously?

Verified Answer :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 09-03-2017

P=A/e^rt
P=40,000÷e^(0.0425×6)
P=30,996.66

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