1. Using N for the monetary amount and r for the rate of interest, what is the continuous compounding interest general solution?

2.What is the lumpsum (in PESO) he needed to deposit?

3.However, the available bank rate is 8%, how much more (in PESO) should he add

4.If he will not add to his original nominal amount, how much longer (in years) will he have to wait to have 5M at the prevailing rate?

A man dreaming to enjoy 5 million upon his retirement at 60 years old placed a lumpsum at the age of 25 to a certificate of deposit promising 8.75%