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. I get 27 (26.9+) in the end. But the correct answer is 27.73. Dollar 45000 is deposited

. I get 27 (26.9+) in the end. But the correct answer is 27.73. Dollar 45000 is deposited

. I get 27 (26.9+) in the end. But the correct answer is 27.73.

Dollar 45000 is deposited in a fund at time 0. The fund is accumulating at 5% per annum convertible continuously. If money is withdrawn continuously at the rate of dollar 3000 per year, how long will the fund last?

Abhinav 04-Dec-2019

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