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Alexander is going to invest in an account paying an interest rate of 2.4% compounded continuously. How much would Alexander need to invest, to the nearest hundred dollars, for the value of the account
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22 votes
Alexander is going to invest in an account paying an interest rate of 2.4%

compounded continuously. How much would Alexander need to invest, to the nearest
hundred dollars, for the value of the account to reach $710 in 19 years?

User Roeland
by
6.0k points

1 Answer

5 votes

Answer:

500

Explanation:

The answer is 500 if it says to round to the nearest hundredth.

User Theanine
by
6.2k points
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