An investment is expected to pay 7% per year compounded continuously. If you want the value of the investment to be $600,000 after 25 years, how much should you invest initially? Round to the nearest dollar.
A)$26,066
B)$52,132
C)$104,264
D)$208,529
E)$267,494

Question

Quizplus · Accepted Answer

The Answer of An investment is expected to pay 7% per year compounded continuously. If you want the value of the investment to be $600,000 after 25 years, how much should you invest initially? Round to the nearest dollar.
A)$26,066
B)$52,132
C)$104,264
D)$208,529
E)$267,494

An Investment Is Expected to Pay 7% Per Year Compounded