A family paid $40,000 cash for a house. Fifteen years later, the house sold for $100,000. If interes
Question: A family paid $40,000 cash for a house. Fifteen years later, the house sold for $100,000. If interest is compounded continuously, what annual nominal rate of interest did the original $40,000 invest earn.
Price: $2.99
Solution: The solution consists of 1 page
Solution Format: Word Document![](/images/msword.png)
Solution Format: Word Document
![](/images/msword.png)