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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asked Nov 6, 2022 4.9k views

6 votes

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?

Mathematics
college

Mlbright asked

by Mlbright

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1 Answer

5 votes

Answer:

it’s 23000

Explanation:

Jon Harmon answered Nov 13, 2022

by Jon Harmon

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