36salehdaoud 36salehdaoud
  • 24-04-2020
  • Mathematics
contestada

You want a savings account to grow to $5000 in 10 years. If interest is 3.5% compounded continuously, how much should you invest?

Respuesta :

amna04352
amna04352 amna04352
  • 24-04-2020

Answer:

$3523.44

Step-by-step explanation:

5000 = X × e^(3.5/100)(10)

X = 5000 ÷ e^0.35

X = 3523.440449

Answer Link

Otras preguntas

please explain how to solve this  On Monday,it took Helen 3 hours to do  a page of science homework exercises.The next day she did the same number of exercises
why did people immigrate to the United States in the late 1800s?
why did people immigrate to the United States in the late 1800s?
''Life in a city is more rewarding than life outside a city."List two or three arguments in favor of this opinion and two or three arguments opposing this opini
why did people immigrate to the United States in the late 1800s?
whats the most accurate estimation of 65+77
which of the following represents the most accurate estimation of 38+23
why did people immigrate to the United States in the late 1800s?
''Life in a city is more rewarding than life outside a city."List two or three arguments in favor of this opinion and two or three arguments opposing this opini
which of the following represents the most accurate estimation of 38+23