Register

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…
87.5k views
14 votes
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
← Prev Question Next Question →

No related questions found

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

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!