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Elijah is going to invest in an account paying an interest rate of 5.5% compounded continuously. How much would Elijah need to invest, to the nearest hundred dollars, for the value of the account to reach
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Elijah is going to invest in an account paying an interest rate of 5.5% compounded

continuously. How much would Elijah need to invest, to the nearest hundred dollars,
for the value of the account to reach $1,400 in 16 years?

User Brian Li
by
7.4k points

1 Answer

5 votes

Answer

she will need to invest 77 dllors

Explanation:

User Ahmad Ragab
by
7.3k points
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