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Alice is opening a savings account which earns 2.2% interest, compounded continuously. How much will she need to deposit in the account so that she has $6200 after 3 years?Round…

Alice is opening a savings account which earns 2.2% interest, compounded continuously. How much will she need to deposit in the account so that she has $6200 after 3 years?Round…
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3 votes
Alice is opening a savings account which earns 2.2% interest, compounded continuously.

How much will she need to deposit in the account so that she has $6200 after 3 years?Round your answer to the nearest dollar.

asked
User John Lim
by
8.6k points

2 Answers

5 votes

Answer:

5804 just trust me i got it right

answered
User Nopileos
by
8.4k points
1 vote

Answer:$5804

Explanation:

P=6200/e^(0.022)(3)

answered
User Topsy
by
8.1k points
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