How much should be invested now at an interest rate of 6% per year, compounded continuously, to have $3500 in three years? Do not round any intermediate computations, and round your answer to the nearest cent.
How much should be invested now at an interest rate of 6% per year, compounded continuously, to have $3500 in three years? Do not round any intermediate computations, and round your answer to the nearest cent.
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 6RE: Hsu-Mei wants to save 5,000 for a down paymenton a car. To the nearest dollar, how much will sheneed...
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How much should be invested now at an interest rate of 6% per year, compounded continuously, to have $3500 in three
years?
Do not round any intermediate computations, and round your answer to the nearest cent.
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