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Alice is opening a savings account which earns 2.2% interest, compounded continuously. How much will she need to deposit in the account so that she has $6200 after 3 years?Round your answer to the nearest
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Alice is opening a savings account which earns 2.2% interest, compounded continuously.

How much will she need to deposit in the account so that she has $6200 after 3 years?Round your answer to the nearest dollar.

User John Lim
by
5.7k points

2 Answers

5 votes

Answer:

5804 just trust me i got it right

User Nopileos
by
5.5k points
1 vote

Answer:$5804

Explanation:

P=6200/e^(0.022)(3)

User Topsy
by
5.2k points
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