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

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Apr 22, 2022 145k views

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?

Mathematics
college

Roeland asked

by Roeland

7.1k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

5 votes

Answer:

500

Explanation:

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

Theanine answered Apr 29, 2022

by Theanine

7.2k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.8m questions

10.5m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Other Questions