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

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

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User Jonno Bourne
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2 Answers

3 votes
About 8500 hoped this helped
answered
User Adam Musa
by
7.5k points
0 votes

A = Pe^r^t so
17000 = Pe^((.051)(14)) so
P = 8324.5 roughly.
answered
User Steve Kamau
by
9.1k points
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