Answered

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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]

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