Answer to Question #257587 in Financial Math for zhidan

Question #257587

A company wishes to have 250.000$ in a fund at the end of 8 years. What deposit at the end of each month must they make if the fund pays interest at 5.5% continuously compounded?

Expert's answer

"Deposit=250,000*\\frac{1.055-1}{1.055^8-1}=25,716"

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