You currently have $8,900 (Present Value) in an account that has an interest rate of 8% per year compounded continuously. You

Question

You currently have $8,900 (Present Value) in an account that has an interest rate of 8% per year compounded continuously. You want to withdraw all your money when it reaches $16,910 (Future Value). In how many years will you be able to withdraw all your money?

Kunduz · Accepted Answer

Click to see the answer