business, interest/finance

[sguar450]

A promissory note will pay $81000.00 at maturity 8 years from now. If you pay $38000.00 for the note now,
what rate compounded continuously would you earn? Round your answer to the nearest hundredth of a percent

 

[tkhunny]

You MUST have SOME clue. What is your plan to develop a solution? What section are you studying? Do you have a calculator with an exponent button?

 

[Denis]

A promissory note will pay $81000.00 at maturity 8 years from now. If you pay $38000.00 for the note now,
what rate compounded continuously would you earn? Round your answer to the nearest hundredth of a percent

Are you able to find the rate if that was: what rate compounded annually would you earn?
If not, well, well .....