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Suppose you plan to have $50,000 in 15 years from now and you can invest your savings at 3% compounded continuously. Assuming you can save

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Suppose you plan to have $50,000 in 15 years from now and you can invest your savings at 3% compounded continuously. Assuming you can save the same amount of money each year, how much do you need to save on a yearly basis in order to achieve your goal? Hint: Treat your savings as an income stream. 0.03 Yearly savings (exact value) = 50000 0.45 dollars e X Yearly savings (rounded to the nearest cent) dollars

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