Question: Problem 25-2 Continuous Compounding [LO2] If you need $37,000 in 12 years, how much will you need to deposit today if you can earn 8

Problem 25-2 Continuous Compounding [LO2]

If you need $37,000 in 12 years, how much will you need to deposit today if you can earn 8 percent per year compounded continuously? (Round your answer to 2 decimal places. (e.g., 32.16))

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