Hannah wants to have $ 6500 to help pay for a new deck in 16 years. If she wants to put her money into an account earning 5.75% interest compounded continuously, how much should she invest now, so that she will have $ 6500 in 16 years? Payment amount =
Hannah wants to have $ 6500 to help pay for a new deck in 16 years. If she wants to put her money into an account earning 5.75% interest compounded continuously, how much should she invest now, so that she will have $ 6500 in 16 years? Payment amount =
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 20PROB
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Hannah wants to have $ 6500 to help pay for a new deck in 16 years. If she wants to put her money into an account earning 5.75% interest compounded continuously, how much should she invest now, so that she will have $ 6500 in 16 years?
Payment amount =
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