Question: 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

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 30 years. If the fund earns 6% per year compounded continuously, how much money does he need now to establish the fund? Exact value = dollars X Rounded to the nearest cent = x dollars Submit

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