SOLUTION: how much money should be invested now in an account earning 6% interest so that 20 years from now, the balance in the account will be 100,000 if the interest is (a) compounded annu

Question 1024353: how much money should be invested now in an account earning 6% interest so that 20 years from now, the balance in the account will be 100,000 if the interest is (a) compounded annually (b) compounded continuously? round the nearest cent.
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!

a.

Just do the arithmetic.

John

My calculator said it, I believe it, that settles it

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