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

Question

asked Sep 16, 2019 142k views

1 Answer

Anakic · Answer 1 · 2019-09-22T05:17:31+0000

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