Mathematics, 20.09.2019 02:20 JamlessJimin
Suppose someone wants to accumulate $130,000 for retirement in 30 years. the person has two choices. plan a is a single deposit into an account with annual compounding and an apr of 5 5%. plan b is a single deposit into an account with continuous compounding and an apr of 4.5%. how much does the person need to deposit in each account in order to reach the goal?
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