Question

How much would you have to

deposit today to have an
accumulated amount of
$20,000 in 20 years if yearly
interest is 4.75% compounded
continuously?

Answer 1

If it went up it would be: 50596.35 and if it went down it would be: 7556.66

Explanation:

Here will be the function if it went up:

20000(1+0.0475)^20

Here’s if it went down:

20000(1-0.0475)^20