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How much money has to be invested at 4.3% interest compounded continuously to have $19,000.00 after 16 years

How much money has to be invested at 4.3% interest compounded continuously to have $19,000.00 after 16 years
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How much money has to be invested at 4.3% interest compounded continuously to have $19,000.00 after 16 years

User Shanny
by
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1 Answer

3 votes

Answer:

P=A/e^rt

P=19,000÷e^(0.043×16)

P=9,549.02


User Eli Jayson
by
9.2k points
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