troyaishabrown troyaishabrown
  • 09-10-2018
  • Mathematics
contestada

How much has to be invested at 5.1% interst compound continuously to have 17,000 after 14 years

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qadjiyevasahrun
qadjiyevasahrun qadjiyevasahrun
  • 09-10-2018

I do not know exactly, but it seems to be correct                                                                             A = Pe^(r*t)  Compounding continously

17,000 = Пэ^(.051*14)

17,000/e^(.714) = P

$8324.59  = P    


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