SOLUTION: An investor wants to have a retirement nest egg of $175,000 and estimates that her investment now will grow at 6% compounded continuously for 30 years. What amount should she inve

Question 1149748: An investor wants to have a retirement nest egg of $175,000 and estimates that her investment now will
grow at 6% compounded continuously for 30 years. What amount should she invest now to achieve this
goal? (Do not approximate until your final answer!!)
Answer by ikleyn(52915) (Show Source): You can put this solution on YOUR website!
.


175000 = 


where X is the amount deposited at the beginning.


X =  =  =  28927.34 dollars.   ANSWER

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