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    Mathematics
  3. Study Set
    Applied Calculus
  4. Exam
    Exam 6: Antiderivatives and Applications
  5. Question
    At What Constant, Continuous Annual Rate Should You Deposit Money
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At What Constant, Continuous Annual Rate Should You Deposit Money

Question 72

Question 72

Short Answer

At what constant, continuous annual rate should you deposit money into an account if you want to have $1,000,000 in 20 years? The account earns 5% interest, compounded continuously. Round to the nearest dollar.

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