Hannah wants to have $ 1500 to help pay for a new deck in 10 years. If she wants to put her money into an account earning 7.75% interest compounded continuously, how much should she invest now, so that she will have $ 1500 in 10 years?

Hannah wants to have $ 1500 to help pay for a new deck in 10 years. If she wants to put her money into an account earning 7.75% interest compounded continuously, how much should she invest now, so that she will have $ 1500 in 10 years?

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 11E

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