​Determine the Principal P That Must Be Invested at Interest

question 98

Multiple Choice

​Determine the principal P that must be invested at interest rate r compounded continuously,so that $1,000,000 will be available for retirement in years , Round your answer to the nearest cent. ​

• A) ​$49787.07
• B) ​$50787.07
• C) ​$49000.04
• D) ​$40000.06

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