Apromissory note will pay $40,000 at maturity 6 years from now. how much should you be willing to pay for the note now if money is worth 4.25% compounded continuously?

P=A/e^rt
P=40,000÷e^(0.0425×6)
P=30,996.66

the law of definite proportions states samples of a compound will always contain the same proportion of elements by mass. in other words, a given compound will always contain the same elements in the same proportions by mass.the law of multiple proportions states when two elements combine with each other to form more than one compound, then the weights of one element that combine with a fixed weight of the other are in a ratio of small whole numbers.

What the heck don’t understand