Exponential Growth?!?
please show work
thank you ! (=
What is the price to returns ratio?
Answers: 2.5% pa compounded quarterly:
(1 + 0.025)^(1/4)-1
=0.00619, or 0.619%
now this is your decisive rate PER quarter.
to find the value of what it is 5 years then:
2000 * (1+ effective rate) ^ number of period
this will be
2000 * (1.0061922463)^20
it's 20 because there are 4 billet in a year, for five years.4*5 = 20
your answer would be:
$2262.816426
bowdlerize:
it depends on how the exact question is worded, and other question you've been doing as economically - whether you're working with influential rates or not.
This is because if it's 2.5% compounded pa and effective rates dont come into play, it could cease up being 2.5%/4 = .625%
next if you bring that back up to an powerful annual rate:
(1 + 0.00625)^4 - 1 your new EAR = 0.0252353531
and consequently:
2000 * (1.025235)^5 = 2265.415477
On second thought, this second formulation is probably the answer you need. Ignore my first bunch of stuff even though it individual differs by $3.
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