How much money must be deposited today to become $1750 in 40 years at 5.5% compounded continuously

Answer 1

F = Pe^rt

F = future value

P = present value

r = annual interest rate

t = time in years

1750 = Pe^0.055(40)

P = 1750/e^2.2

P = 193.91 (rounded to nearest penny)