If you need to have at least $50,000 in 10 years, what is the smallest amount you need to deposit in an account paying 3% interest compounded continuously? O $37,047 O $37,038 O $37,053 O $37,050 O $37,044 O $37,041
If you need to have at least $50,000 in 10 years, what is the smallest amount you need to deposit in an account paying 3% interest compounded continuously? O $37,047 O $37,038 O $37,053 O $37,050 O $37,044 O $37,041
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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Transcribed Image Text:If you need to have at least $50,000 in 10 years, what is the smallest amount you need to deposit in
an account paying 3% interest compounded continuously?
O $37,047
O $37,038
O $37,053
$37,050
O $37,044
O $37,041
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