Business, 21.04.2020 16:21 thanks5640

Suppose someone wants to accumulate $130 comma 000130,000 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 55%. Plan B is a single deposit into an account with continuous compounding and an APR of 4.64.6%. How much does the person need to deposit in each account in order to reach the goal?

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Suppose someone wants to accumulate $130 comma 000130,000 for retirement in 30 years. The person has...

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