A couple wishes to have $40,000 in 6 years for the down payment on a house. At
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A couple wishes to have $40,000 in 6 years for the down payment on a house. At what rate of interest compounded continuously must $25,000 be invested now to accomplish this goal?
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We use the formula APern where Afuture value ...View the full answer
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Related Book For 
College Mathematics For Business Economics, Life Sciences, And Social Sciences
ISBN: 978-0134674148
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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