Question: Math 110 Course Resources Compound Interest Course Packet on present value problems with continuous compounding of interest A favorite aunt wishes to establish a trust

 Math 110 Course Resources Compound Interest Course Packet on present value

Math 110 Course Resources Compound Interest Course Packet on present value problems with continuous compounding of interest A favorite aunt wishes to establish a trust fund for her niece's math education. How much should she set aside now if she wants $75,000 in 5 years from now, and interest is compounded continuously at 2%? Exact amount = dollars Amount, rounded to 2 decimal places = dollars

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