Register
How much money has to be invested at 4.3% interest compounded continuously to have $19,000.00 after 16 years
102k views
0 votes
How much money has to be invested at 4.3% interest compounded continuously to have $19,000.00 after 16 years

User Shanny
by
5.4k points

1 Answer

3 votes

Answer:

P=A/e^rt

P=19,000÷e^(0.043×16)

P=9,549.02


User Eli Jayson
by
5.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.9m questions

7.7m answers

Other Questions

Solve for y in terms of x. 2/3y - 4 = x y = x + 6 y = -x + 4 y = -x + 6 y = x + 4
Aliyah has $24 to spend on seven pencils. After buying them she had $10. How much did each pencil cost?
Use the normal model ​n(11371137​,9696​) for the weights of steers. ​a) what weight represents the 3737thth ​percentile? ​b) what weight represents the 9999thth ​percentile? ​c) what's the iqr of the weights
Evaluate a + b when a = –16.2 and b = –11.4 A. –27.6 B. –4.8 C. 4.8 D. 27.6
What is the value of x? (-4) - x = 5
Link Copied!