Nathan is going to invest in an account paying an interest rate of 1.9% compounded continuously. How much would Nathan need to i
nvest, to the nearest dollar, for the value of the account to reach $280 in 12 years?
1 answer:
Answer:
223 (rounded to closest one) actual answer would be 222.91479275
Step-by-step explanation:
use formula A=Pe^nt
$280 = Pe^0.019(12)
$280 = Pe^0.228, then evaluate the solution by isolating the variable and dividing each side by the factors which don't contain the variable.
P = 222.91479275
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