You need $15,400 in three years. How much do you need to deposit today to fund this need if you can earn 5 percent per year, compounded continuously? Assume this is the only deposit you make.
A) $13,506
B) $13,049
C) $14,179
D) $13,255
E) $12,916

Question

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The Answer of You need $15,400 in three years. How much do you need to deposit today to fund this need if you can earn 5 percent per year, compounded continuously? Assume this is the only deposit you make.
A) $13,506
B) $13,049
C) $14,179
D) $13,255
E) $12,916

You Need $15,400 in Three Years