Register

Anna is going to invest in an account paying an interest rate of 5.1% compounded continuously. How much would Anna need to invest, to the nearest hundred dollars, for the value …

Anna is going to invest in an account paying an interest rate of 5.1% compounded continuously. How much would Anna need to invest, to the nearest hundred dollars, for the value …
asked 4.9k views
6 votes
Anna is going to invest in an account paying an interest rate of 5.1% compounded

continuously. How much would Anna need to invest, to the nearest hundred dollars,
for the value of the account to reach $47,000 in 14 years?

asked
User Mlbright
by
7.8k points

1 Answer

5 votes

Answer:

it’s 23000

Explanation:

answered
User Jon Harmon
by
9.0k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!