Nathan is going to invest in an account paying an interest rate of 4.8% compounded continuously. How much would Nathan need to i

Question

2 years ago

13

nvest, to the nearest ten dollars, for the value of the account to reach $1,310 in 13 years?

2 answers:

My name is Ann [436] · Answer 1 · 2022-10-29T00:50:36+03:00

8 0

Answer:

700

Step-by-step explanation:

Dovator [93] · Answer 2 · 2022-10-29T02:21:09+03:00

Dovator [93]2 years ago

8 0

Answer:

$712

Step-by-step explanation:

A x (1 + 4,8%)¹³ = 1310

=> A = 1310 : (1 + 4,8%)¹³ = 712,1551532