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OpenStudy (anonymous):
How much do you deposit when a child is born into an account compounded continuously with 6.5% interest, so that the child will have $1850 on its 25th birthday?
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OpenStudy (tkhunny):
A = How much money to deposit \(A\cdot e^{0.065\cdot 25} = 1850\) What about that are you unable to do?
OpenStudy (anonymous):
Oh I thought it in different way. I thought A = 1850 Can you explain about it?
OpenStudy (anonymous):
Also, how do you get A then?
OpenStudy (tkhunny):
It is required to read the problem statement carefully. You obtain A by solving for it. You will need some logarithms or a calculator. Let's see what you get.
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