February 24, 2017

Homework Help: Calculus

Posted by Anonymous on Wednesday, September 21, 2011 at 8:26pm.

A government bond is bought for $5000 on June 1, 2010. The value of the bond increases each year by 3.9% of the previous year's value, and the bond matures on June 1, 2030. Determine the value of the bond at maturity.

I'm confused.

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