how much money has to be invested at 5.9% interest compounded continuously to have 15000 after 12 years

asked Feb 9, 2018 95.2k views

4 votes

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4 votes

Answer:$7389.43

Explanation:

Apex

Adamj answered Feb 11, 2018

by Adamj

7.7k points

5 votes

A(t) = P*e^(rt)
15000 = P*e^(0.059*12)
P = 15000/2.0299
P = $7389.43

Siki answered Feb 14, 2018

by Siki

7.7k points

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