Suppose that you want to invest some money in order to have $1000 available at some later time.If you invest it at 7% interest compounded continuously,the amount you need to invest now,P,is related to the number of years from now that you need the money,t,by: P(t)= 1000
.Graph this on your graphing calculator in the window
×
.Discuss the behavior of this graph.

Question

Suppose that you want to invest some money in order to have $1000 available at some later time.If you invest it at 7% interest compounded continuously,the amount you need to invest now,P,is related to the number of years from now that you need the money,t,by: P(t)= 1000  
.Graph this on your graphing calculator in the window  
×  
.Discuss the behavior of this graph.

Quizplus · Accepted Answer

The Answer of Suppose that you want to invest some money in order to have $1000 available at some later time.If you invest it at 7% interest compounded continuously,the amount you need to invest now,P,is related to the number of years from now that you need the money,t,by: P(t)= 1000  
.Graph this on your graphing calculator in the window  
×  
.Discuss the behavior of this graph.

Suppose That You Want to Invest Some Money in Order