How much money invested at 7% compounded continuously for 6 years will yield $500?
1 answer:
Answer:
<u>$328.52</u>
Step-by-step explanation:
let p = x, t = 6 years and r = 0.07. now the formula is x*e^0.42 = 500. e^0.42 is approx. 1.522. divide 500 by that to get about <u>$328.52</u>
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HOPE THIS HELPS
- Todo ❤️
Step-by-step explanation:
-6d-2d=-8d
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Add all those numbers and divide by 6 will get you 78
The number is 138. Hopefully this helped.
