Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. suppose that $12,000 is invested in a bond fund an

Suppose that $12,000 is invested in a bond fund and the account grows to $14,146.32...

90.2K

Verified Solution

Question

Basic Math

image

Suppose that $12,000 is invested in a bond fund and the account grows to $14,146.32 in 5 yr.(a) Use the model A=Pe to determine the average rate of return under continuous compounding. Round to the nearest tenth of a percent. Avoid rounding in intermediate steps. The average rate of return under continuous compounding is approximately

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Tiny dust particles are attracted to static charges, so if you could get them from the...

Physics
Q

Question 8 Points 1 Choose the correct answer Biot savart law states that the magnetic...

Biology
Q

Photo by Chris Stenger Unsplash Why is the mode of nutrition of the organism shown...

Biology
Q

B C 2 Ecost Meit sind a 4 A rigid frame in the shape of...

Physics
Q

The table below contains data on the number of farms F in thousands in year...

Basic Math
Q

The graph of g x 2 1 can be obtained from the graph of f...

Algebra
Q

During 2023, C Corp/S Corp/Partnership sold machinery for $1,000,000 The machinery was purchased...

Accounting
Q

QUESTION 2 It is said that securitization of subprime loans led to the U.S. subprime...

Accounting
Q

Required information Skip to question [The following information applies to the questions displayed...

Accounting
Q

Lincolnshire Associates tiene bonos por pagar en circulacin, con un valor nominal de $120,000 y...

Accounting
Q

Construct a Dec 31 2005 balance sheet and income statement for RetailBiz E3-2 RetailBiz,...

Finance
Q

A property is covered by two insurers but neither is listed as the primary insurer....

Finance