Compound Interest In Exercises 45-48, Find the principal P that must be invested at rate r, compounded monthly, so that $1,000,000 will be available for retirement in t years.
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Compound Interest In Exercises 93-96, complete the table by determining the amount of money P (present value) that should be invested at rate r to produce a balance of $100,000 in t years.
r = 5 %
Compounded monthly
t
1
10
20
30
40
50
p
r = 4 %
Compounded continuously
r = 0.6 %
