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kkurt [141]
2 years ago
8

I WILL GIVE BRAINLIEST PLEASE ANSWER!!! How much should be invested now at an interest rate of 5.5% per year, compounded continu

ously, to have $3500 in two years?
Do not round any intermediate computations, and round your answer to the nearest cent.

Mathematics
1 answer:
yawa3891 [41]2 years ago
5 0

Answer:

$3,135.42

Step-by-step explanation:

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

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

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