Question
Patricia deposits $5000 in an IRA at 6% interest compounded continuously for her retirement in 10 years. She intends to make continuous deposits at the
Patricia deposits $5000 in an IRA at 6% interest compounded continuously for her retirement in 10 years. She intends to make continuous deposits at the rate of $3000 a year until she retires.
a.)How much will she have accumulated at that time.
b.) how long will it take Patricia to accumulate $30,000 in her retirement account?
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Computational Invariant Theory
Authors: Harm Derksen, Gregor Kemper
2nd Edition
3662484226, 9783662484227
