Chau wants to buy a bond that will mature to 5000 in eight years. How much should he pay for the bond now if it earns interest at a rate of 3.5% per year, compounded continuously?

Solución

Solución

Principal : 3778.92

Pasos de solución

Translate the problem into an equation:

5000 = P e^{0.035 \cdot 8}

Resolver para

P, 5000 = P e^{0.035 \cdot 8} : P = 3778.92

Principal : 3778.92

Ejemplos populares

Five more than a number find two consecutive of even number whose sum is 890 One positive integer is 5 less than twice another. The sum of their squares is 325. Find the integers.If a circle has a circunferencia of 13cm, what is its exact diameter?A square field has an área of 4,900 square meters. What is the length of the field?