A couple wishes to have 40000 in 6 years for the down


A couple wishes to have $40,000 in 6 years for the down payment on a house. At what rate of interest compounded continuously must $25,000 be invested now to accomplish this goal? (Please show step-by-step work)

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Financial Accounting: A couple wishes to have 40000 in 6 years for the down
Reference No:- TGS01106368

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