A promissory note will pay ​$57 comma 000 at maturity 12 years from now. If you pay ​$22 comma 000 for the note​ now, what rate compounded continuously would you​ earn?

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Part 1

The investment would earn about

  

enter your response here​% compounded continuously.

​(Round to three decimal places as​ needed.)

asked by guest
on Oct 27, 2024 at 4:10 pm



Mathbot Says...

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