SOLUTION: A bank note will be worth $86,500 when it matures in 6 years. If the note pays 3.98% per year compounded continuously, determine how much an individual must pay now for the note. (
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Question 945258: A bank note will be worth $86,500 when it matures in 6 years. If the note pays 3.98% per year compounded continuously, determine how much an individual must pay now for the note. (Round your answer to the nearest cent.) Answer by Fombitz(32388) (Show Source):
