Complete the table to determine the balance A for P dollars invested at rater for t years, compounded in times per year. (Round your answers to two decimal places) P-$3500, r= 6%, t = 40 years A 1 2 4 12 365 Continuous compounding 5 1 5 $ $ $

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
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Complete the table to determine the balance A for P dollars invested at rate for t years, compounded in times per year. (Round your answers to two decimal places.)
P-$3500,= 6%, t = 40 years
n
1
2
4
12
365
Continuous
compounding
$
$
$
$
$
$
Transcribed Image Text:Complete the table to determine the balance A for P dollars invested at rate for t years, compounded in times per year. (Round your answers to two decimal places.) P-$3500,= 6%, t = 40 years n 1 2 4 12 365 Continuous compounding $ $ $ $ $ $
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