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Lynna [10]
2 years ago
8

You want to have $200,000 when you retire in 25 years. If you can earn 3% interest rate compounded continuously, how much would

you need to deposit now into the account to reach your retirement goal?
Mathematics
1 answer:
mash [69]2 years ago
5 0

9514 1404 393

Answer:

  $94,473.31

Step-by-step explanation:

The multiplier in 25 years is ...

  e^(rt) = e^(0.03·25) = e^0.75 ≈ 2.117

To have an account value of $200,000 in 25 years, you need to deposit now ...

  $200,000/2.117 = $94,473.31

_____

When this amount is multiplied by 2.117, the result is 200,000.

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aleksandr82 [10.1K]

Answer:

x = -4, y = -2

Step-by-step explanation:

substitute for y

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distribute -5

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add 10 on both sides

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divide by -3

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now substitute for x in the equation y = x + 2

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2 years ago
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7 0
3 years ago
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A bookstore had 64 copies of a magazine. Yesterday, it sold 1/4 of them. Today, it sold 1/8 of what remained. How many copies do
just olya [345]

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6 0
3 years ago
What is the surface of a cylinder radius 8mm height of 20 mm
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