Mathematics, 05.12.2020 03:30 theblondeone2

Chau wants to buy a bond that will mature to $5500 in eight years. How much should he pay for the bond now if it earns interest at a rate of 3.5% per year, compounded continuously? Do not round any intermediate computations, and round your answer to the nearest cent.

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Chau wants to buy a bond that will mature to $5500 in eight years. How much should he pay for the bo...