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A company estimates that $200,000 will be required for a new installation after 8 years and decides to invest a certain amount of money continuously
A company estimates that $200,000 will be required for a new installation after 8 years and decides to invest a certain amount of money continuously for 8 years at 10% interest compounded continuously so that a $200,000 can accumulate at the end of the 8th year. Calculate the annual amount that should be deposited. What would the annual amount be if the investments occurred at the end of each year for 8 years
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