Question

How much money needs to be deposited now into an account to obtain $1,900 in 5 years if the interest rate is 5.5% per year compounded continuously?

round answer to 2 decimal places

Answer 1

Explanation:

I believe that the interest is your first number. In order to find the answer to this, multiply the numbers after your first number together. Then, divide the interest by your product. This will get you your principle. Then add your principle to the interest. I hope this helped!