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Suppose you wish to have exactly 100000 in 20 years how much should one invest today assuming a 5% interest rate compounded continuously? Please help me.
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5 votes
Suppose you wish to have exactly 100000 in 20 years how much should one invest today assuming a 5% interest rate compounded continuously? Please help me.

User Md Samiul Alim Sakib
by
7.8k points

2 Answers

2 votes

Answer:

You would invest $36764.71

Explanation:

Checked and revised the equation.

User Kamel Mili
by
6.9k points
1 vote
You would invest $36,764.71
Suppose you wish to have exactly 100000 in 20 years how much should one invest today-example-1
User Byron Tardif
by
7.4k points
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