You want to have $500,000 when you retire in 30 years. If you can earn 4% interest compounded continuously, how much would you need to deposit now into the account to reach your retirement goal?
You want to have $500,000 when you retire in 30 years. If you can earn 4% interest compounded continuously, how much would you need to deposit now into the account to reach your retirement goal?
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 34P
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You want to have $500,000 when you retire in 30 years. If you can earn 4% interest compounded continuously, how much would you need to deposit now into the account to reach your retirement goal?
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