Question: If Tania needs $30,000 a year from now for a down payment on a new house, how much should she put in a 1-year CD
If Tania needs $30,000 a year from now for a down payment on a new house, how much should she put in a 1-year CD earning 5% a year compounding continuously so that she will have exactly $30,000 a year from now?
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