SOLUTION: how much money must be deposited today to become $1250 in 50 years at 4.5% compounded continuously?

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Question 930439: how much money must be deposited today to become $1250 in 50 years at 4.5% compounded continuously?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
how much money must be deposited today to become $1250 in 50 years at 4.5% compounded continuously?
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A(t) = Pe^(rt)
1250 = P*e^(0.045*50)
P = 1250/(e^0.045*50)
P = $131.75
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Cheers,
Stan H.
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