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How much money has to be invested at 4.3% interest compounded continuously to have 19,000 after 16 years??

How much money has to be invested at 4.3% interest compounded continuously to have 19,000 after 16 years??
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how much money has to be invested at 4.3% interest compounded continuously to have 19,000 after 16 years??

User Anglinb
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1 Answer

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FV- future valume
PV- present valume
n-number of years
r- interest
FV=PV*(1+r)ⁿ
19.000=PV*(1+0.043)^16
PV=9687.34
User Stambikk
by
7.7k points
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