In five years a company will purchase equipment costing $100,000.The company decides to place a single deposit into a savings account now so that its future value will equal the cost of the equipment.If the account earns interest at an annual rate of 10% compounded continuously,determine the deposit to the nearest dollar.

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The Answer of In five years a company will purchase equipment costing $100,000.The company decides to place a single deposit into a savings account now so that its future value will equal the cost of the equipment.If the account earns interest at an annual rate of 10% compounded continuously,determine the deposit to the nearest dollar.

In Five Years a Company Will Purchase Equipment Costing $100,000