Mathematics, 03.07.2020 02:01 GavinWright254
9. C AR Final (Practice Test - NO NOTES)
Question 23 of 25 (4 points) | Question Attempt 1 of 1
Suppose that $12,000 is invested in a bond fund and the account grows to $13,733.06 in 3 yr.
(a) Use the model A= Pe to determine the average rate of return under continuous compounding. Round to the nearest tenth of a percent.
Avoid rounding in intermediate steps.
The average rate of return under continuous compounding is approximately. %
Answers: 2
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9. C AR Final (Practice Test - NO NOTES)
Question 23 of 25 (4 points) | Question Attempt 1 of 1
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