Multiple Choice
You need $12,000 in 6 years.How much will you need to deposit today if you can earn 11 percent per year,compounded continuously? Assume this is the only deposit you make.
A) $6,000.00
B) $6,048.50
C) $6,179.25
D) $6,202.22
E) $6,415.69
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q41: Amy just purchased a right to buy
Q42: Selling an option is generally more valuable
Q43: Which one of the following statements related
Q43: Todd invested $8,500 in an account today
Q44: The seller of a European call option
Q48: Which of the following variables are included
Q49: Which one of the following is the
Q50: Put-call parity is defined as the relationship
Q51: The implied standard deviation used in the
Q52: The shareholders of a firm will benefit