Suppose that an interest rate is constant at 4 this year 6


Suppose that an interest rate is constant at 4 % this year, 6% next year, and 5% for the following year. Assuming continuous compounding, what is the present value of $10,000. (you expect to have $10,000 at the end of the 3 years.)

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Financial Management: Suppose that an interest rate is constant at 4 this year 6
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