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How much money has to be invested at 5.9% interest compounded continuously to have 15000 after 12 years
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How much money has to be invested at 5.9% interest compounded continuously to have 15000 after 12 years
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Feb 9, 2018
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how much money has to be invested at 5.9% interest compounded continuously to have 15000 after 12 years
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Mthurlin
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Answer:$7389.43
Explanation:
Apex
Adamj
answered
Feb 11, 2018
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Adamj
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A(t) = P*e^(rt)
15000 = P*e^(0.059*12)
P = 15000/2.0299
P = $7389.43
Siki
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Feb 14, 2018
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