SOLUTION: How much money should you deposit that pays 4% interest compounded continuously to have 70,000 in 18 years?

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Question 813655: How much money should you deposit that pays 4% interest compounded continuously to have 70,000 in 18 years?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
A+=+P+e+%5E%28rt%29+
4% interest. 70,000 in 18 years
70000+=+P+e+%5E%28.04%2A18%29+
P+=+70000%2Fe+%5E%28.04%2A18%29