contestada

How much would you
have to
deposit today to have an
accumulated amount of
$20,000 in 20 years
if yearly
interest is 4.75% compounded
continuously?

Respuesta :

fancythekitters
20000 ÷(1+4,75%)^20
=20000 ÷ 1,0475^20
=7905,86
You have to deposit $790586 today.

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