Complete the table below giving the amount P that must be invested at interest rate 11.5 % compounded continuously to obtain a balance of A = $ 50000 in t years. Round your answer to the nearest cent or two decimal places. 1 10 30 40 50 20

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.4: Geometric Sequences And Series
Problem 53E
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Complete the table below giving the amount P that must be invested at interest rate 11.5 % compounded
continuously to obtain a balance of A = $ 50000 in t years.
Round your answer to the nearest cent or two decimal places.
t
1
10
20
30
40
50
Transcribed Image Text:Calculator Resources: Graphing Calculator Link Complete the table below giving the amount P that must be invested at interest rate 11.5 % compounded continuously to obtain a balance of A = $ 50000 in t years. Round your answer to the nearest cent or two decimal places. t 1 10 20 30 40 50
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