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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
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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
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8.0k points

1 Answer

12 votes

Answer: P= 300

Explanation:

User Simon Xu
by
6.5k points
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