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

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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) About Me  (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?
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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)
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Cheers,
Stan H.