9514 1404 393
Answer:
$94,473.31
Step-by-step explanation:
The multiplier in 25 years is ...
e^(rt) = e^(0.03·25) = e^0.75 ≈ 2.117
To have an account value of $200,000 in 25 years, you need to deposit now ...
$200,000/2.117 = $94,473.31
_____
When this amount is multiplied by 2.117, the result is 200,000.
