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Anna is going to invest in an account paying an interest rate of 5.1% compounded continuously. How much would Anna need to invest, to the nearest hundred dollars, for the value of the account to reach
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Anna is going to invest in an account paying an interest rate of 5.1% compounded

continuously. How much would Anna need to invest, to the nearest hundred dollars,
for the value of the account to reach $47,000 in 14 years?

User Mlbright
by
5.0k points

1 Answer

5 votes

Answer:

it’s 23000

Explanation:

User Jon Harmon
by
5.3k points
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