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Lily is going to invest in an account paying an interest rate of 5.6% compounded continuously. How much would Lily need to invest, to the nearest cent, for the value of the acco…

Lily is going to invest in an account paying an interest rate of 5.6% compounded continuously. How much would Lily need to invest, to the nearest cent, for the value of the acco…
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Lily is going to invest in an account paying an interest rate of 5.6% compounded continuously. How much would Lily need to invest, to the nearest cent, for the value of the account to reach $78,000 in 9 years?

User Daniel Langer
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1 Answer

4 votes
the answer is x=47766.05
User Lennyn
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