Question 930468
Tilly is graduating this spring and wishes to endow NYU with 200,000 in 14 Years. find the amount she would have to invest on graduation at 12% compound continuously to achieve this.
.
Continuous Compound Interest Formula
A = Pe^(rt)
  	where, 	
P = principal amount (initial investment) (???)
r = annual interest rate (as a decimal) (.12)
t = number of years (14)
A = amount after time t (200000)
.
200000 = Pe^(.12*14)
200000 = Pe^1.68
200000/e^1.68 = P
200000/5.365555971 = P
$37274.80 = P