Question How much will $100 grow to if invested at a continuously compounded interest rate of 10.75% for 8 years?
The Time Value of Money
The term e r s N
is the transcendental number e ≈ 2.7182818 raised to the power rsN. Most financial calculators have the function ex.
Institute, CFA. 2016 CFA Level I Volume 1 Ethical and Professional Standards and Quantitative Methods. CFA Institute, 07/2015. VitalBook file.
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