SOLUTION: How much money should you deposit into a certificate of deposit that pays 3 % a year compounded continuously to have dollar-sign 80,000 in the account in 18 years?

SOLUTION: How much money should you deposit into a certificate of deposit that pays 3 % a year compounded continuously to have dollar-sign 80,000 in the account in 18 years?

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Question 907684: How much money should you deposit into a certificate of deposit that pays 3 % a year compounded continuously to have dollar-sign 80,000 in the account in 18 years?
Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!

Round to the nearest penny.

You need to deposit $46,619.86 into the CD
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