SOLUTION: Cheryl will be buying a new vehicle for $15,000 in 3 years. How much would you have to invest now at 5% compounded continuously to have enough to purchase the vehicle 3 years from
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Question 1080397: Cheryl will be buying a new vehicle for $15,000 in 3 years. How much would you have to invest now at 5% compounded continuously to have enough to purchase the vehicle 3 years from now? Answer by rapture(86) (Show Source):
You can put this solution on YOUR website! Continuously compounded interest means that your principal is constantly earning interest and the interest keeps earning on the interest earned.
