Answer:
Expected Value = -$0.41
Step-by-step explanation:
Expected Value = [$6,200*(1/17000) + $940*(3/17000) + $98*(8/17000) + $25*(10/17000)] - 1
Expected Value = [0.59]-1
Expected Value = -$0.41
Answer:
Step-by-step explanation:
we know that
The formula to calculate continuously compounded interest is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
e is the mathematical constant number
we have
substitute in the formula above
Answer:

Step-by-step explanation:

