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Elijah is going to invest in an account paying an interest rate of 5.5% compounded continuously. How much would Elijah need to invest, to the nearest hundred dollars, for the va…

Elijah is going to invest in an account paying an interest rate of 5.5% compounded continuously. How much would Elijah need to invest, to the nearest hundred dollars, for the va…
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5 votes
Elijah is going to invest in an account paying an interest rate of 5.5% compounded

continuously. How much would Elijah need to invest, to the nearest hundred dollars,
for the value of the account to reach $1,400 in 16 years?

asked
User Brian Li
by
8.0k points

1 Answer

5 votes

Answer

she will need to invest 77 dllors

Explanation:

answered
User Ahmad Ragab
by
8.2k points
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