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?

$7734.82

Step-by-step explanation:

You would use the equation F=Pe^rt because the interest is continuous.

What we know:

F= 2000

r= 4.75%

t= 20

Plug in the information to the equation: 2000=Pe^.0475*20.

Because we need P by itself, you would divide the e^rt on both sides so then they cancel out and you get 2000/e^.0475*20 = 7734.820469.

Rounding it to the hundredth place, you’ll get $7734.82

Hope that this helps :)

i need on these three questions. find standard form equation of line perpendicular to y = (2/3)x - 8 that goes through the point

the equation of a line is -6x-2y=-18 what is the x 3 answers sep 21, 2015

finding the critical point for f(x,y)=(x^2)*y+y^3 1 answer mar 10, 2013

more results from answers.yahoo.com

step-by-step explanation: