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Find its future value a after three years

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Reference no: EM133135024

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Q1. You deposit $ 15,000 into an account that pays an annual interest rate of 5.5 % compounded continuously. Find its future value A after 3 years.

Q2. You acquire a debt that charges an annual interest rate of 20 % compounded daily. What is the (annual) effective rate? Please report in percentage with two decimal precision. Assume 365 days in a year.

Reference no: EM133135024

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