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Suppose you wish to have exactly 100000 in 20 years how much should one invest today assuming a 5% interest rate compounded continuously? Please help me.

Suppose you wish to have exactly 100000 in 20 years how much should one invest today assuming a 5% interest rate compounded continuously? Please help me.
asked 54.4k views
5 votes
Suppose you wish to have exactly 100000 in 20 years how much should one invest today assuming a 5% interest rate compounded continuously? Please help me.

asked
User Md Samiul Alim Sakib
by
8.7k points

2 Answers

2 votes

Answer:

You would invest $36764.71

Explanation:

Checked and revised the equation.

answered
User Kamel Mili
by
7.7k points
1 vote
You would invest $36,764.71
Suppose you wish to have exactly 100000 in 20 years how much should one invest today-example-1
answered
User Byron Tardif
by
7.9k points
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