Answered

Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Explore our Q&A platform to find reliable answers from a wide range of experts in different fields. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

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.

I WILL GIVE BRAINLIEST PLEASE ANSWER How Much Should Be Invested Now At An Interest Rate Of 55 Per Year Compounded Continuously To Have 3500 In Two YearsDo Not class=

Sagot :

Answer:

$3,135.42

Step-by-step explanation:

[tex]p{e}^{.055 \times 2} = 3500[/tex]

[tex]p = \frac{3500}{ {e}^{.11} } = 3135.42[/tex]

Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.