How much money must be deposited today to become $2050 in 20 years at 6.5% compounded continuously? The deposit must be $. (Simplify your answer. Type an integer or a decimal. Round to the nearest cent if needed.)
How much money must be deposited today to become $2050 in 20 years at 6.5% compounded continuously? The deposit must be $. (Simplify your answer. Type an integer or a decimal. Round to the nearest cent if needed.)
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Transcribed Image Text:How much money must be deposited today to become $2050 in 20 years at
6.5% compounded continuously?
The deposit must be $.
(Simplify your answer. Type an integer or a decimal. Round to the nearest cent if needed.)
Enter your answer in the answer box.
MacBook Air
DII
DD
80
888
FB
F6
esc
F3
F4
F5
F1
F2
$
%
&
@
2
3
4
6.
7
8
1
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