Answered

Westonci.ca is the premier destination for reliable answers to your questions, provided by a community of experts. Connect with professionals on our platform to receive accurate answers to your questions quickly and efficiently. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

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?

Sagot :

khoa18050

Because the account is compounded continuously, Euler number is required

e = 2.7182818

View image khoa18050
Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.