ppose you have an account paying interest at a rate of 10% compounded continuously. Your goal to have $100,000 in your account after 10 years. How much should you deposit per year to hieve your goal? 10000 e-1 10000 e+2 10000 e 10000 e2 -1 10000 e+1 5000

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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Suppose you have an account paying interest at a rate of 10% compounded continuously. Your goal
is to have $100,000 in your account after 10 years. How much should you deposit per year to
achieve your goal?
10000
e-1
10000
e+2
10000
e
O 10000
e2 -1
10000
e+1
O 5000
Transcribed Image Text:Suppose you have an account paying interest at a rate of 10% compounded continuously. Your goal is to have $100,000 in your account after 10 years. How much should you deposit per year to achieve your goal? 10000 e-1 10000 e+2 10000 e O 10000 e2 -1 10000 e+1 O 5000
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