Question: In order to make a down payment on a property, you hope to have $28,200 in your bank account four years from today. If your
In order to make a down payment on a property, you hope to have $28,200 in your bank account four years from today. If your account earns 3 percent per year, compounded continuously, how much must you deposit today? Assume this is the only deposit you make. Multiple Choice $25,795 $15,947 $25,011 $15,495 $25,055 In order to make a down payment on a property, you hope to have $28,200 in your bank account four years from today. If your account earns 3 percent per year, compounded continuously, how much must you deposit today? Assume this is the only deposit you make. Multiple Choice $25,795 $15,947 $25,011 $15,495 $25,055
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