Help!! i’ve tried this problem many times and i am completely stuck
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Mathematics, 10.03.2022 03:00 wendymtz2004
Help!! i’ve tried this problem many times and i am completely stuck
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Mathematics, 21.06.2019 15:00
Given the choice between receiving $1.000.000 in one month or a single penny-doubled everyday for the period of one month; which option would you choice? show your work to support your answer. (assume that 1 month=30 days)
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Mathematics, 21.06.2019 20:10
A. use the formula for continuous compounding with the original example: $1000 invested at 2% for 1 year. record the amount to 5 decimal places. use a calculator. b. compare it to the result using the original compound interest formula with n = 365 calculated to 5 decimal places. which has a larger value? explain.
Answers: 1
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