Mathematics, 21.05.2021 01:20 lexiecooley

Deon wants to buy a bond that will mature to $5500 in seven years. How much should he pay for the bond now if it earns Interest at a rate of 4% per year, compounded continuously?
Do not round any Intermediate computations, and round your answer to the nearest cent.

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Deon wants to buy a bond that will mature to $5500 in seven years. How much should he pay for the bo...

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Deon wants to buy a bond that will mature to $5500 in seven years. How much should he pay for the bond now if it earns Interest at a rate of 4% per year, compounded continuously? Do not round any Intermediate computations, and round your answer to the nearest cent.

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Another question on Mathematics

Deon wants to buy a bond that will mature to $5500 in seven years. How much should he pay for the bond now if it earns Interest at a rate of 4% per year, compounded continuously?
Do not round any Intermediate computations, and round your answer to the nearest cent.