8) What lump sum should you deposit now at 1.6%, compounded continuously, to attain $750,000? 9) The amount from #8 is more than you can afford, so you decide to invest a constant amount, R(t) dollars per year. Find R(t) such that the accumulated future value of the continuous money stream is $750,000, assuming an interest rate of 1.6%, compounded continuously.

8) What lump sum should you deposit now at 1.6%, compounded continuously, to attain $750,000? 9) The amount from #8 is more than you can afford, so you decide to invest a constant amount, R(t) dollars per year. Find R(t) such that the accumulated future value of the continuous money stream is $750,000, assuming an interest rate of 1.6%, compounded continuously.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....

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