a. Compute the future value of $2,500 continuously compounded for 6 years at an

Question

a. Compute the future value of $2,500 continuously compounded for 6 years at an annual percentage rate of 9 percent.

Future value           $  

b. Compute the future value of $2,500 continuously compounded for 6 years at an annual percentage rate of 12 percent.

Future value           $  

c. Compute the future value of $2,500 continuously compounded for 9 years at an annual percentage rate of 5 percent.

Future value           $  

d. Compute the future value of $2,500 continuously compounded for 7 years at an annual percentage rate of 7 percent.

Future value           $

Explanation / Answer

a. Future value = 2500*e0.09*6 = 4290.02

b. Future value = 2500*e0.12*6 = 5,136.08

c. Future value = 2,500*e0.05*9 = 3,92078

d. future value = 2500*e0.07*7 = 4080.79

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