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A tax free municipal bond pays 4.75% compounded continuously. What is the value of a $2,000 bond after 30 years? Round your ans...Asked by tom
A tax free municipal bond pays 4.75% compounded continuously. What is the value of a $2,000 bond after 30 years? Round your answer to the nearest cent.
[Hint- A=P e^rt where P= present(initial) value, A= future value, r= annual rate, and t= number of years]
P.S.The rt is an exponent to e
[Hint- A=P e^rt where P= present(initial) value, A= future value, r= annual rate, and t= number of years]
P.S.The rt is an exponent to e
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