Okikioluwa A.

asked • 07/17/17

Compounding Continously

John wants to buy a new sports car, and he estimates that he'll need to make a $4,325.00 down payment towards his purchase. If he has 35 months to save up for the new car, how much should he deposit into his account if the account earns 2.08% compounded continuously so that he may reach his goal ?

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