You want to have 300,000 when you retire in 20 years. If you can earn 8% interest compounded continuously, how much would you need to deposit now into the account to reach your retirement goal?

解

You want to have 300, 000 when you retire in 20 years. If you can earn 8% interest compounded continuously, how much would you need to deposit now into the account to reach your retirement goal?

解

Principal : 60568.96

解答ステップ

Translate the problem into an equation:

300000 = P e^{0.08 \cdot 20}

P

を解く

300000 = P e^{0.08 \cdot 20} : P = 60568.96

Principal : 60568.96

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