Charmaine wants to buy a bond that will mature with $5000 in 6 years. How much should she pay for the bond now if it earns interest at a rate of 3.5% per year compounded continuously

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03-06-2024
Mathematics

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Charmaine wants to buy a bond that will mature with $5000 in 6 years. How much should she pay for the bond now if it earns interest at a rate of 3.5% per year compounded continuously

Sagot :

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