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Anthony is going to invest in an account paying an interest rate of 7% compounded continuously. How much would Anthony need to invest, to the nearest cent, for the value of the account to reach $238,000
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1 vote
Anthony is going to invest in an account paying an interest rate of 7%

compounded continuously. How much would Anthony need to invest,
to the nearest cent, for the value of the account to reach $238,000 in
13 years?

User Jaron Thatcher
by
5.4k points

2 Answers

5 votes

Answer:

95800.77

Explanation:

User Ryan Dorn
by
5.5k points
7 votes

Answer:

95800.77

Explanation:

User Pradeep Sanjeewa
by
5.9k points
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