Your company needs 600000 dollars in five years time for

Last updated: 10/13/2023

Your company needs 600000 dollars in five years time for renovations and can earn 10 interest on investments a What is the present value of the renovations Present value i dollars b If your company deposits money continuously at a constant rate throughout the five year period at what rate should the money be deposited so that you have the 600000 dollars when you need it Round your answers to 2 decimal places Money deposited at a rate of i dollars per year