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Piper is going to invest in an account paying an interest rate of 6.1% compounded continuously. How much would Piper need to invest, to the nearest cent, for the value of the account to reach $167,000
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Feb 17, 2022
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Piper is going to invest in an account paying an interest rate of 6.1% compounded continuously. How much would Piper need to invest, to the nearest cent, for the value of the account to reach $167,000 in 10 years?
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Answer: 90739.60
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