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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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

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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

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