QuestionHow much would you need to deposit in an account now in order to have $\$ 6000$ in the account in 10 years? Assume the account earns $6 \%$ interest compounded continously. \\square$

Studdy Solution
Therefore, we need to deposit approximately $\$3292.98$ today to have $\$6000$ in 10 years.

View Full Solution - Free

Was this helpful?

Get Studdy

Scan QR code with your device to get Studdy on iOS or Android

QR code

Studdy solves anything!

Download the app

Start learning now

Download Studdy AI Tutor now. Learn with ease and get all help you need to be successful at school.

Parents Influencer program Contact Policy Terms