You have a bank account that earns 9% nominal annual interest compounded continuously, and you want to have $90,000 in the bank account in five years so that you can buy a brand new Porsche.How much money would you have to deposit in one lump sum today so that the account balance would be $90,000 in five years? Round to the nearest dollar.

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The Answer of You have a bank account that earns 9% nominal annual interest compounded continuously, and you want to have $90,000 in the bank account in five years so that you can buy a brand new Porsche.How much money would you have to deposit in one lump sum today so that the account balance would be $90,000 in five years? Round to the nearest dollar.

You Have a Bank Account That Earns 9% Nominal Annual