Question: If the interest in problem 19 is paid continuously, will you have the $60,000? Problem 19 You currently have $43,000 at your ready disposal. An

If the interest in problem 19 is paid continuously, will you have the $60,000?

Problem 19

You currently have $43,000 at your ready disposal. An investment you plan to pursue in six years requires $60,000. If you place the $43,000 in an account paying 5.5% annually, will you have the required amount to make the investment?

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