Question: A fund is established with $ 4, 000 being withdrawn, 18 years, 19 years, 20 years, and 21 years after it was created. If

A fund is established with $ 4, 000 being withdrawn, 18 years,

A fund is established with $ 4, 000 being withdrawn, 18 years, 19 years, 20 years, and 21 years after it was created. If the fund earns interest at 9% per year compounded continuously how much do you have to deposit initially in order to withdraw the designated amount.

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The question describes a scenario where a fund is established that allows for withdrawals of 4000 at 18 19 20 and 21 years after its creation with an ... View full answer

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