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Angel is going to invest in an account paying an interest rate of 6.5% compounded continuously. How much would Angel need to invest, to the nearest hundred dollars, for the valu…

Angel is going to invest in an account paying an interest rate of 6.5% compounded continuously. How much would Angel need to invest, to the nearest hundred dollars, for the valu…
asked 176k views
21 votes
Angel is going to invest in an account paying an interest rate of 6.5%

compounded continuously. How much would Angel need to invest, to
the nearest hundred dollars, for the value of the account to reach
$230,000 in 13 years?

asked
User Erik Skoglund
by
8.7k points

2 Answers

10 votes

Answer:

98800

Explanation:

answered
User MrPink
by
8.1k points
2 votes

Answer:98800

Explanation:

answered
User CountMurphy
by
8.3k points
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