When she is 30, Sue starts making annual deposits of $2,000 into a bond fund that pays
Question:
When she is 30, Sue starts making annual deposits of $2,000 into a bond fund that pays 8% annual interest compounded continuously. Assuming that her deposits are made as a continuous income flow, how much money will be in her account if she retires at age 55?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
Question Posted: