Answered

Get the answers you need at Westonci.ca, where our expert community is dedicated to providing you with accurate information. Get detailed and precise answers to your questions from a dedicated community of experts on our Q&A platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A 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]

We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.