Assume continuously compounded interest at rate r you plan
Assume continuously compounded interest at rate r. You plan to borrow 1,000 today, 2,000 one year from today, 3,000 two years from today, and then pay off all these loans three years from today. How much will you have to pay?
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assume continuously compounded interest at rate r you plan to borrow 1000 today 2000 one year from today 3000 two years
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