Question:

Deshaun wants to buy a bond that will mature to $4500 in

Last updated: 7/20/2022

Deshaun wants to buy a bond that will mature to $4500 in

Deshaun wants to buy a bond that will mature to $4500 in eight years. How much should he pay for the bond now if it earns interest at a rate of 2.5% per year, compounded continuously?