Register
how much has to be invested at 5.1% interest compounded continuously to have 17,000 after 14 years???
53.5k views
3 votes
how much has to be invested at 5.1% interest compounded continuously to have 17,000 after 14 years???

User Jonno Bourne
by
7.3k points

2 Answers

3 votes
About 8500 hoped this helped
User Adam Musa
by
7.3k points
0 votes

A = Pe^r^t so
17000 = Pe^((.051)(14)) so
P = 8324.5 roughly.
User Steve Kamau
by
9.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.1m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
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!