briannaodell27
briannaodell27 briannaodell27
  • 11-07-2016
  • Mathematics
contestada

how much has to be invested at 5.1% interest compounded continuously to have 17,000 after 14 years???

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Otherones5
Otherones5 Otherones5
  • 11-07-2016
[tex]A = Pe^r^t[/tex] so [tex]17000 = Pe^{(.051)(14)} [/tex] so [tex]P = 8324.5[/tex] roughly.
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dang2 dang2
  • 11-07-2016
About 8500 hoped this helped
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