kaybriemae kaybriemae
  • 12-05-2022
  • Mathematics
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
fancythekitters fancythekitters
  • 13-05-2022
20000 ÷(1+4,75%)^20
=20000 ÷ 1,0475^20
=7905,86
You have to deposit $790586 today.
Answer Link

Otras preguntas

Xiao's teacher asked him to rewrite the sum 60+90 as the product of the GCF of the two numbers and a sum. Xiao's wrote 3(20 + 30). What mistake did Xiao make? H
Who were progressives and what did they believe caused social problems?
What is greater pie of 22/7
Solve A=a+b+c+d divided by 4 for c
Answer this question plz
what times 3 gives you 1,000
Karen batting average was 0.444 She was at bat 45 times.how many hits did she get?
Why was the Monroe Doctrine important for the United States ?
o What is an example of something (a law, organization, institution, etc.) that exists today because of the reform movement in the 1800s?
The arc-shaped region in western Asia that sits between the Mediterranean Sea and the Persian Gulf is called the