question archive 1) How much money must you invest now at 3
Subject:MathPrice: Bought3
1) How much money must you invest now at 3.5% interest compounded continuously in order to have $20,000.00 at the end of 10 years?
2) Investment A is currently worth $5,000.00 and is growing at the rate of 2% per year compounded continuously. Investment B is currently worth $3,000.00 and is growing at the rate of 3% per year compounded continuously. After how many years will the two investments have the same value?