Question

I WILL GIVE BRAINLIEST PLEASE ANSWER!!! How much should be invested now at an interest rate of 5.5% per year, compounded continuously, to have $3500 in two years?
Do not round any intermediate computations, and round your answer to the nearest cent.

Answer 1

Answer:

$3,135.42

Step-by-step explanation:

$p{e}^{.055 \times 2} = 3500$

$p = \frac{3500}{ {e}^{.11} } = 3135.42$