Suppose that on january 1, 2018, you buy a bond for $2,000 that will pay interest of 3.6% per year compounded continuously for 20 years. you never withdraw any of the interest earned on the bond. (a) what will the bond be worth on january 1, 2038?

$4108.87

Step-by-step explanation:

Given : Present value :

The number of time period :

The rate of interest :

Let P be the present value of bond .

The formula to calculate the future value is given by :-

Hence, the future value of the bond on January 1, 2038 would be $4108.87 .

the answer is true.

step-by-step explanation:

answer: need picture of problem

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