suppose at time 0 you had 2200 in the bank and 17 years later you had 8000 calculate the effecti

Name: suppose at time 0 you had 2200 in the bank and 17 years later you had 8000 calculate the effective annual rate of return if the bank pays interest continuously please use excel to show how i 82214
Uploaded: 2023-07-08T13:34:44-08:00
Duration: 1 min 22 s
Channel: Donna Densmore
Description: suppose at time 0 you had 2200 in the bank and 17 years later you had 8000 calculate the effective annual rate of return if the bank pays interest continuously please use excel to show how i 82214

Question

Donna Densmore · Accepted Answer

To calculate the effective annual rate of return with continuous compounding, we can use the for

Question

Suppose at time 0 you had $2200 in the bank and 17 years later you had $8000. Calculate the effective annual rate of return if the bank pays interest continuously. (Please use excel to show how it was solved)

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