You have a bank account that earns 8% 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.You decide to deposit money in the account at a constant continuous rate of K dollars per year.Use a Riemann sum followed by an integral to determine the value of K (to the nearest dollar)so that you will have the $90,000 after five years.

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The Answer of You have a bank account that earns 8% 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.You decide to deposit money in the account at a constant continuous rate of K dollars per year.Use a Riemann sum followed by an integral to determine the value of K (to the nearest dollar)so that you will have the $90,000 after five years.

You Have a Bank Account That Earns 8% Nominal Annual