Register
how much money has to be invested at 5.1% interest compounded continuously to have 17000 after 14 years
173k views
0 votes
how much money has to be invested at 5.1% interest compounded continuously to have 17000 after 14 years

User Frison Alexander
by
7.9k points

2 Answers

2 votes

Answer:

Apex: 8324.59

Explanation:

User Will Ness
by
8.0k points
2 votes
A=P*e^(rt)
So,
17000=P*e^(0.051*14)
Therefore, P=17000/(e^(0.051*14))
P=8324.57 approx.

User KQS
by
8.5k points
← Prev Question Next Question →

Related questions

User Miha
asked Aug 17, 2024 42.3k views
How much money has to be invested at 5.1% interest compounded continuously to 17000 dollars after 14 ys
Miha asked Aug 17, 2024
by Miha
7.7k points
1 answer
0 votes
42.3k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!