Mathematics, 06.07.2020 19:01 lilloser
Suppose that $12,000 is invested in a bond fund and the account grows to $13,832.03 in 5 yr.
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(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%
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Suppose that $12,000 is invested in a bond fund and the account grows to $13,832.03 in 5 yr.
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