Question 1149614
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frank beard {{{highlight(cross(want))}}} <U>wants</U> to have 5000 3 years from now. how much should he deposit now in an account that earn 5% interest, 
compounded continuously to reach his goal
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<pre>
5000 = {{{X*e^(0.05*t)}}} = {{{X*e^(0.05*3)}}}.


X = {{{5000/e^0.15}}} = {{{5000/2.71828^0.15}}} = 4303.54.    <U>ANSWER</U>
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