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How much money(in dollars) should you invest today at an annual interest rate of 7.7% compounded continuously so that, starting two years from today, you
How much money(in dollars) should you invest today at an annual interest rate of 7.7% compounded continuously so that, starting two years from today, you can make annual withdrawals of $3700 in perpetuity? If the annual withdrawals continue indefinitely, how much money should you invest today? First find the largest terms of the infinite series, then find the total amount you should invest today. Enter the three largest terms of the infinite series in order from larger to smaller as numbers. (Round your answers to 3 decimal places.) Money Invested = +... dollars Submit Answer Tries 0/10 What is the total dollar amount you should invest today? (Round your answer to the nearest cent.) Money Invested = dollars Submit Answer Tries 0/10
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