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CJohnson9552
15.01.2020 •
Mathematics
Income suppose income from an endowment is generated at the annual rate of $42,000 per year. find the capital value of this endowment at an interest rate of 7.5% compounded continuously.
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Ответ:
Capital value after 1 year will be equal to $45150
Step-by-step explanation:
We have given principal amount P = $42000
Rate of interest r = 7.5 %
Time t = 1 year
Capital value is given by![A=P(1+\frac{r}{100})^n](/tpl/images/0455/6838/8c6ad.png)
So![A=42000\times (1+\frac{7.5}{100})^1](/tpl/images/0455/6838/b3151.png)
So capital value after 1 year will be equal to $45150
Ответ: