Suppose that an amount in Kina, is invested in a private financial institution, with interest compounded continuously at 8% per year. a). Write the equation in terms of P0 and 0.08 where P0 is the starting amount invested. And the final balance in the account is denoted with variable P b). Suppose that K2000 is invested. What is the total amount in the account after 3years? c). How many years will it take to have more then the invested amount

Suppose that an amount in Kina, is invested in a private financial institution, with interest compounded continuously at 8% per year. a). Write the equation in terms of P0 and 0.08 where P0 is the starting amount invested. And the final balance in the account is denoted with variable P b). Suppose that K2000 is invested. What is the total amount in the account after 3years? c). How many years will it take to have more then the invested amount

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...

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