SOLUTION: how much do you have to invest now at 6% compounded continuously to have $128000 15 years from now?

Question 276890: how much do you have to invest now at 6% compounded continuously to have $128000 15 years from now?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
how much do you have to invest now at 6% compounded continuously to have $128000 15 years from now?
--------------------------
A(t) = Pe^(rt)
128000 = P*e^(0.06*15)
P = 128000/e^(0.9)
P = $52,040.92 (amt. you need to invest now)
================================================
Cheers,
Stan H.
RELATED QUESTIONS
You wish to have $16,500 in 6 years. How much he should invest now at 9% compounded... (answered by addingup,MathTherapy,josgarithmetic)

Cheryl will be buying a new vehicle for $15,000 in 3 years. How much would you have to... (answered by rapture)

You wish to have $16,500 in 6 years. How much should he invest now at 9% compounded... (answered by addingup,MathTherapy)

4. Using the present value formula find how much you should invest now at 5.9%... (answered by Theo)

You wish to have $17,000 in 11 years. Find how much you should invest now at 12%... (answered by rfer)

After building your new home, you decide you would like to install an in-ground pool in 7 (answered by Boreal)

how much should jonathan invest now at 2% compounded semiannually if he needs to have... (answered by josgarithmetic)

You wish to have $23,000 in 8 years. Use Table 11-2 to create a new table factor, and... (answered by Solver92311)

Sonji wants to have $14,000 in 13 years. Calculate how much she should invest now at 6%... (answered by rfer)