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Claire is going to invest in an account paying an interest rate of 4.8% compounded continuously. How much would Claire need to invest, to the nearest hundred dollars, for the va…

Claire is going to invest in an account paying an interest rate of 4.8% compounded continuously. How much would Claire need to invest, to the nearest hundred dollars, for the va…
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Claire is going to invest in an account paying an interest rate of 4.8% compounded

continuously. How much would Claire need to invest, to the nearest hundred dollars,
for the value of the account to reach $540 in 13 years?

User Bradkratky
by
8.7k points

1 Answer

12 votes

Answer: P= 300

Explanation:

User Simon Xu
by
7.4k points
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