Question: please help! ewing Saved Work Revert to Last Response DETAILS MY NOT Your math professor has decided to retire and return to his jetsetting life

please help!

ewing Saved Work Revert to Last Response DETAILS MY NOT Your math professor has decided to retire and return to his jetsetting life style. He wishes to establish a fund from which he can withdraw $4,000 per month for the next 20 years. If the fund earns 3% per year compounded continuously, how much money does he need now to establish the fund? 48,000 (0.6 - 1) 0.03 48,000 (0.5 + 1) 0.03 12-20 0.03 (1 - e-0.5) 12.20 0.03 (60.5 - 1) 48,000 0,03 (1 - e-0.5)

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The quality of the argumentation

The status rule: We tend to have more confidence in information presented by someone who has a relatively high status and rank in society than by someone who hasnt.

The spatial rule: The closer spatial proximity we have to an event, the more importance we will attach to it.