troyaishabrown troyaishabrown

09-10-2018
Mathematics

contestada

How much has to be invested at 5.1% interst compound continuously to have 17,000 after 14 years

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qadjiyevasahrun qadjiyevasahrun

09-10-2018

I do not know exactly, but it seems to be correct A = Pe^(r*t) Compounding continously

17,000 = Пэ^(.051*14)

17,000/e^(.714) = P

$8324.59 = P

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