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Nora is going to invest in an account paying an interest rate of 4.3% compounded continuously. How much would Nora need to invest, to the nearest dollar, for the value of the ac…

Nora is going to invest in an account paying an interest rate of 4.3% compounded continuously. How much would Nora need to invest, to the nearest dollar, for the value of the ac…
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Nora is going to invest in an account paying an interest rate of 4.3% compounded continuously. How much would Nora need to invest, to the nearest dollar, for the value of the account to reach $7,600 in 20 years?

User Caprice
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1 Answer

5 votes

Answer: p≈ 3216

Explanation:

User Chris Gutierrez
by
7.9k points
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