SOLUTION: How much money must be deposited today to become $1500 in 40 years at 6.5% compounded continously?
The deposit must be $____
Algebra.Com
Question 1083385: How much money must be deposited today to become $1500 in 40 years at 6.5% compounded continously?
The deposit must be $____
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
How much money must be deposited today to become $1500 in 40 years at 6.5% compounded continously?
==================================
Don't type this.
The deposit must be $____
==================================
1500 = AMT*e^(40*0.065)
AMT = 1500/e^(40*0.065)
AMT =~ $111.41
RELATED QUESTIONS
how much money must be deposited today to become $1250 in 50 years at 4.5% compounded... (answered by stanbon)
How much money must be deposited today to become $1700 in 10 years at 8.5% compound... (answered by jim_thompson5910)
How much money must be deposited today to amount to $2375 in 21 years at 3.75% compounded (answered by ikleyn)
how much must be invested today at 6% compounded quarterly to have $8,000 in 3 years? (answered by rfer)
How much must be invested today in a savings account to realize P32,000 in 6 years if... (answered by Theo)
WHat amount must be deposited into a certificate of deposit today so that the investment... (answered by jim_thompson5910)
if $10,000 is deposited in an account that pays 6% compounded continously, how much will... (answered by Greenfinch)
$1000 is invested at 5% compounded monthly. to how much money will that grow in 10... (answered by rfer)
How much must be deposited today into the following account in order to have $70,000 in 5 (answered by greenestamps)