Ian is going to invest in an account paying an interest rate of 5% compounded continuously. How much would Ian need to invest, to the nearest hundred dollars, for the value of the account to reach $108,000 in 6 years?

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04-12-2022
Mathematics

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Ian is going to invest in an account paying an interest rate of 5% compounded continuously. How much would Ian need to invest, to the nearest hundred dollars, for the value of the account to reach $108,000 in 6 years?

Sagot :

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